Halliburton Introduces Global Rapid Intervention Package (GRIP℠)

Featuring RapidCap™ Air-Mobile Capping Stack for Global Subsea Market

HOUSTON – July 11, 2016 – Boots & Coots Services, a Halliburton (NYSE:HAL) business, announced that it has developed the Global Rapid Intervention Package (GRIP℠), a suite of services to help reduce costs and deployment time in the event of subsea well control events. GRIP provides well planning and well kill capabilities facilitated by the company’s global logistics infrastructure and exisiting product service lines. This includes both an inventory of well test packages, coiled tubing units and relief well ranging tools.

In addition, GRIP features the new 15,000 psi RapidCap™ Air-Mobile Capping Stack. Sourced from Trendsetter Engineering, Inc., RapidCap incorporates a specially designed gate valve-based system making it significantly lighter, less expensive, and more mobile than options currently on the market.

Capping stack systems currently available are extremely difficult to deploy due to their size and weight (roughly 220,000 - 300,000 lbs) and are expensive to transport and reassemble on a job site. It can take weeks to deploy existing systems,especially from locations that lack the infrastructure to timely move the systems into position.

RapidCap aims to reduce deployment time by up to 40 percent over competing systems. Rather than requiring specialized infrastructure, RapidCap can be air transported on a Boeing 747-400F and lifted by a 110 ton or lighter crane.

“We are proud to offer the Global Rapid Intervention Package that will provide our customers with easy access to containment and relief capabilities even in the most remote areas,” said Jim Taylor, vice president Consulting & Project Management. "Boots & Coots has long been recognized as a global leader in well control response and GRIP furthers our commitment to safe offshore operations."

GRIP and the RapidCap Air-Mobile Capping Stack are expected to be ready for deployment by the end of 2016.

About Halliburton

Founded in 1919, Halliburton is one of the world’s largest providers of products and services to the energy industry. With approximately 55,000 employees, representing 140 nationalities in approximately 70 countries, the company serves the upstream oil and gas industry throughout the lifecycle of the reservoir—from locating hydrocarbons and managing geological data, to drilling and formation evaluation, well construction and completion, and optimizing production through the life of the field. Visit the company's website at www.halliburton.com. Connect with Halliburton on Facebook, Twitter, LinkedIn and YouTube.

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