Halliburton has secured a contract from Petrobras for built-in drilling companies throughout a number of offshore fields in Brazil.
Halliburton will present its iCruise clever rotary steerable system (RSS) to scale back properly time and place wells precisely, and its automation and distant operations platform to enhance properly building consistency and efficiency, the corporate stated in a information launch.
The corporate stated it plans to supply its ultra-deep resistivity service to place manufacturing boreholes and map reservoirs. To deal with the technical limits of drilling fluids in offshore areas, It is going to additionally deploy its BaraLogix real-time service to scale back misplaced time by means of superior hydraulic software program, floor measurement automation, and predictive analytics.
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The contract scope consists of drilling companies for improvement and exploration wells over a three-year interval, based on the discharge. The monetary particulars weren’t disclosed.
The contract, anticipated to start in 2025, represents Halliburton’s largest service contract with Petrobras, and considerably expands the corporate’s drilling companies footprint within the pre-salt and post-salt areas for each improvement and exploration wells, it stated.
Halliburton additionally plans to introduce options such because the Reservoir Xaminer formation testing service, which it stated detects structural reservoir complexities and “drives extra knowledgeable selections in drilling, completion, and manufacturing”.
“This contract demonstrates Halliburton’s energy in deep and ultra-deep offshore drilling and properly building,” Waldomiro Mendes, Halliburton senior space supervisor for Brazil, stated.
Final month, Halliburton Power Providers and Coterra Power Inc. launched autonomous hydraulic fracturing know-how known as Octiv Auto Frac in North America.
The Octiv Auto Frac service, which is a part of the ZEUS platform, automates the execution of stage deliveries. Coterra is the primary operator to totally automate and management each their hydraulic fracturing design and execution, based on an earlier Halliburton information launch.
The Octiv Auto Frac service provides new capabilities to Halliburton’s Zeus clever fracturing platform and its main electrical pumping models and Sensori fracture monitoring service, the corporate stated, including that the preliminary rollout of this service led to a 17 % improve in stage effectivity. Based mostly on the outcomes, Coterra deployed the Octiv Auto Frac service to its remaining completion packages that Halliburton executes within the Permian Basin.
Halliburton launched the Octiv Auto Frac service in September 2024. It’s an addition to the Octiv Clever Fracturing Platform and was developed to digitize and automate workflows, info, and gear throughout all facets of the corporate’s fracture operations.
Octiv Auto Frac is the first-ever automation service that allows clients to execute their fracture design with out human intervention, based on a separate assertion, which said that the know-how automates hundreds of choices whereas pumping, primarily based on buyer job designs and pre-job management inputs, with fixed response to dynamic stimulation circumstances.
Halliburton just lately reported internet revenue of $615 million for the fourth quarter of 2024, in comparison with $571 million within the earlier quarter. The determine is beneath the $667 million reported for the corresponding quarter a 12 months in the past.
Halliburton’s complete income for the fourth quarter of 2024 was $5.6 billion, in comparison with $5.7 billion for the third quarter of 2024. Working revenue was $932 million for the fourth quarter of 2024, in comparison with $871 million for the third quarter of 2024, Halliburton stated in an earnings launch.
To contact the creator, e mail rocky.teodoro@rigzone.com
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