Neftex Petroleum Consultants

What Neftex Petroleum Consultants does

Neftex Petroleum Consultants is a UK-based geosciences consulting firm founded in 2001 and headquartered in Abingdon, now operating as part of Halliburton's Landmark software division. The company develops subsurface intelligence products and services — including global and regional screening, basin and play fairway analysis, and prospects generation and evaluation — targeted at oil and gas exploration and production (E&P) operators.

Through its integration with Halliburton Landmark, Neftex's offerings are delivered within the DecisionSpace 365 Enterprise cloud platform, which is built on the Open Subsurface Data Universe (OSDU) standard and runs on the iEnergy hybrid cloud infrastructure supporting 5,000+ users across 100+ deployments. The platform combines subsurface modeling, well construction, and reservoir management modules, augmented by the SmartDigital co-innovation service and the LOGIX automation and remote operations capability.

Revenue is generated through a combination of software subscriptions (DecisionSpace 365), professional services (subsurface intelligence, agile field development, reservoir production consulting), and hardware and equipment sales distributed through Halliburton's global field operations network. Customers are predominantly enterprise E&P operators, with named strategic accounts including PETRONAS Carigali, ExxonMobil, Pampa Energía, and AkerBP.

Name

Neftex Petroleum Consultants

Website

https://landmark.solutions

Company type

Private

Founded year

2001

Operating status

Operating

Short description

Neftex Petroleum Consultants, founded in 2001 and headquartered in Abingdon, UK, develops geosciences products and subsurface intelligence services for oil and gas exploration and production operators, now operating within Halliburton Landmark's DecisionSpace 365 software platform.

Ownership category

akta.pro rank

Product category

Subsurface Intelligence Software

NAICS

Geophysical Surveying and Mapping Services (54136), Support Activities for Mining (2131), Geophysical Surveying and Mapping Services (541360)

SIC

Oil & Gas Field Exploration Services (1382), Services-Commercial Physical & Biological Research (8731)

akta.pro primary industry

Exploration & Prospecting (Geology, Geophysics, Seismic) (EUALAAAA)

akta.pro secondary industries

Seismic & Geoscience Services (Acquisition, Processing, Interpretation) (EUALABAK), Mineral Exploration & Geoscience Services (Geology, Geophysics, Geochemistry, Resource Modeling) (IMAKAKAA)

Keywords

• Petroleum geoscience consulting
• Subsurface data analytics
• Exploration data services
• Basin analysis services
• Geological data products

Headquarters

HQ city

Abingdon

HQ country

United Kingdom

HQ region

Europe

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Software Subscriptions: DecisionSpace 365 operates as a cloud-based subscription service for E&P applications. Customers access subsurface, well construction, and reservoir management software through recurring subscription fees with modular plug-and-play solutions.
2. Professional Services: Consulting services including subsurface intelligence, agile field development, and reservoir production consulting. Integrated project management services for well construction, intervention, and asset management.
3. Hardware and Equipment Sales: Well construction equipment (drill bits, casing, liner hangers), completion tools (packers, frac plugs, sand control systems), and artificial lift systems (ESP, SAGD pumping).

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels5 records

Core offering

Neftex Petroleum Consultants develops geosciences products and services to support earth resource exploration industries. Within the Halliburton Landmark portfolio, the Neftex offering provides subsurface intelligence solutions including global and regional screening, basin and play fairway analysis, prospects generation and evaluation, and well results appraisal, delivered through the DecisionSpace 365 cloud platform.

Product overview

Halliburton Landmark provides E&P professionals with software-driven lifecycle insights through its flagship DecisionSpace® 365 Enterprise platform. The portfolio includes cloud-based subsurface, well construction, and reservoir management modules, supported by the iEnergy® hybrid cloud platform which serves over 5,000 users across 100+ deployments. SmartDigital® offers co-innovation services for custom digital E&P solutions. The Open Subsurface Data Universe (OSDU) provides open data standards for the industry. Supporting programs include academic engagement through the STEPS program and University Grants Program.

Differentiator

Problem solved

Functional benefit

Products and services

• DecisionSpace 365 Subsurface Cloud-based subsurface intelligence module providing global and regional screening, basin and play fairway analysis, prospects generation and evaluation, and well results appraisal for E&P professionals and exploration teams.
• Global and Regional Screening Subsurface screening product that supports exploration teams in evaluating global and regional petroleum systems and play opportunities.
• Basin and Play Fairway Analysis Analytical product that supports basin and play fairway analysis for E&P exploration, helping customers characterize petroleum systems and de-risk exploration decisions.
• Prospects Generation and Evaluation Product that supports generation and evaluation of exploration prospects using integrated subsurface data, geological models, and analytic workflows.
• Appraise Well Results Product for appraising well results, integrating post-drill data with subsurface models to refine exploration and development decisions.

Quantifiable outcome

• 50% reduction in total cost of ownership (TCO)
• +3 more outcomes

Named customers4 records

Segments3 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability6 records

Feature5 records

Partnerships

Five partnerships are on record, tiered core, flagship and minor.

• PETRONAS Carigali Sdn. Bhd.coreStrategic or Co-development Partner · 1 January 2025Strategic collaboration for deploying Landmark solutions to accelerate time to first oil. PETRONAS Carigali to leverage Halliburton's subsurface modeling and reservoir management technology for improved operational outcomes.
• Shape DigitalcoreStrategic or Co-development Partner · 1 January 2025Strategic collaboration to advance digital asset performance management. Halliburton and Shape Digital combining capabilities to deliver enhanced digital solutions for E&P operations.
• AkerBPflagshipStrategic or Co-development PartnerHalliburton AkerBP Alliance focused on innovative E&P solutions. Deep strategic partnership with demonstrated co-development approach for subsurface and digital technologies.
• Sumitomo CorporationcoreStrategic or Co-development PartnerHalliburton acquired Sekal AS from Sumitomo Corporation to accelerate drilling automation services. Strategic acquisition to enhance automated drilling capabilities.
• Academic Institutions (STEPS Program)minorOthersSTEPS (Science and Technology for Exploration & Production Solutions) program advances geoscience excellence through Master's level thematic research facilitation and Distinguished Lecture Series. University Grants Program provides software licenses for teaching and research.

Scale indicators4 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• ION Geophysical: ION Geophysical provides seismic acquisition services, multi-client data, and software for E&P operators. Its basin-wide data libraries and Orca software platform are comparable to Neftex's geoscience content and adjacent to Landmark's exploration tools.
• TGS: TGS is a leading provider of multi-client geoscience data, including seismic surveys and well data, used by E&P operators for exploration. Its data library and analytics offerings directly substitute for and complement Neftex's subsurface content.
• PGS (Petroleum Geo-Services): PGS is a marine geophysical company providing seismic acquisition and multi-client data libraries. Its subsurface datasets and GeoStreamer technology are used by E&P customers for exploration workflows that overlap with Neftex's offerings.
• Wood Mackenzie (Verisk): Wood Mackenzie provides upstream research, basin analysis, and asset evaluation services to E&P operators. Its subsurface and exploration intelligence offerings compete head-to-head with Neftex's interpretation and analytics products.
• Rystad Energy: Rystad Energy is an independent energy research and intelligence firm offering upstream databases, basin analytics, and exploration insights that directly overlap with Neftex's geoscience data and consulting products.
• Schlumberger (SLB): Schlumberger is the largest oilfield services company and competes directly with Halliburton Landmark in E&P software, digital platforms (Delphi, Petrel), and geoscience interpretation. Schlumberger's seismic-to-production software suite is a direct competitor to DecisionSpace 365 and the Neftex subsurface data products.
• CGG: CGG provides geoscience services including seismic acquisition, processing, and reservoir characterization. Its geoscience data products and interpretation services are direct competitors to Neftex's subsurface intelligence offerings.

Broad incumbents

• S&P Global Commodity Insights: S&P Global Commodity Insights (incorporating IHS Markit energy) is a broad incumbent offering energy data, analytics, and exploration intelligence. Its upstream E&P coverage and Platts benchmarks overlap with Neftex-style geoscience and exploration market data.
• Baker Hughes: Baker Hughes is a major oilfield services company with digital E&P software offerings (e.g., JewelSuite, DecisionSpace-adjacent tools via partnerships). It competes with Halliburton Landmark across the digital E&P value chain, including exploration geoscience.

Emerging players

• AspenTech: AspenTech (and its Open Systems International, OSI, business) provides industrial software and digital twin technology with growing exposure to upstream oil & gas. Its asset optimization and digital twin capabilities increasingly overlap with Landmark's DecisionSpace 365 and iEnergy strategy that underpins Neftex's distribution platform.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Neftex Petroleum Consultants