Halliburton Introduces SPECTRUM℠ FUSION Coiled Tubing Service

Hybrid coiled tubing services combine diagnostic and intervention capabilities in a single trip downhole

HOUSTON – March 21, 2017 – Halliburton today introduced SPECTRUM℠ FUSION service, the newest offering in the SPECTRUM family of real-time coiled tubing services. The FUSION service includes the first real-time system in the market using hybrid cable technology that combines fiber optic and electric to provide downhole communication and continuous power for a variety of diagnostic applications. The cable is conveyed through coiled tubing to deliver intervention, diagnostic and reservoir assessment services in one trip downhole to help customers achieve greater efficiency, safer operations and a higher return on investment.

Since the 2016 launch of SPECTRUM℠ Real-Time Coiled Tubing Services, Halliburton has seen a rapid increase in the demand for diagnostic and intervention services. The SPECTRUM family of services has been the fastest growing segment in the company's coiled tubing business with operations in over ten countries. The family of services is designed to deliver more accurate and effective interventions by capturing data such as weight on bit, pressure, temperature, and acoustics, with casing collar locator and gamma ray for depth correlation in real time.

The SPECTRUM FUSION service is the new enhanced platform for real-time coiled tubing services that eliminates runs and reduces surface footprint by integrating full wireline capability with downhole intervention tools. The FUSION service combines the existing insight from fiber optics inside the coil with power from the surface creating versatility in selecting logging tools. It also enables customers to diagnose wellbore conditions in real time and customize the wellbore treatment or intervention operation using the data transmitted to the surface.

David Adams, Halliburton senior vice president for the Completion and Production Division said, "Given the increasing complexity of developing mature fields and offshore environments, the SPECTRUM FUSION service's unique combination of coiled tubing intervention and wireline diagnostic capability provides critical downhole data for customizing well intervention, reducing risk and maximizing services performed in a single run."

For more information on the SPECTRUM FUSION coiled tubing service, visit our website.

About Halliburton

Founded in 1919, Halliburton is one of the world's largest providers of products and services to the energy industry. With approximately 50,000 employees representing 140 nationalities, and operations 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, completion and production optimization. Visit the company's website at www.halliburton.com. Connect with Halliburton on Facebook, Twitter, LinkedIn and YouTube.

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