Transaction News: Halliburton acquires Resoptima to optimize DecisionSpace
23 June 2023
We are pleased to share that Skrine acted as Malaysian counsel to Halliburton Company (NYSE:HAL) (“Halliburton”), one of the world’s largest providers of products and services in the energy industry, in respect of its share acquisition in Resoptima AS (“Resoptima”), including Resoptima’s Malaysian subsidiary. Resoptima is a leading Norwegian technology company that specializes in data-driven reservoir management.
This acquisition is part of Halliburton’s strategy to integrate Resoptima’s industry-leading reservoir modeling and predictive analytics into one of its own software, the Halliburton Landmark DecisionSpace® 365 suite. The combination of Resoptima's best-in-class reservoir engineering and science with Halliburton’s leadership in geology and drilling allows Halliburton to offer unique and innovative solutions that enhance exploration success and reservoir recovery, help foster innovation, provide increasing value to clients and broaden the company’s market reach.
The Skrine deal team was led by Senior Associate, Tan Wei Xian, supported by Associate Amanda Hollow and Paralegal Lee Li Zhu.
Media Release of this transaction can be accessed at:
https://finance.yahoo.com/news/halliburton-hal-acquires-resoptima-optimize-114900566.html
This alert contains general information only. It does not constitute legal advice nor an expression of legal opinion and should not be relied upon as such. For further information, kindly contact skrine@skrine.com.