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HALLIBURTON ENERGY SERVICES SIGNS LICENSE AGREEMENT WITH DOWNHOLE FLUIDICS TO MARKET FLUIDIC OSCILLATOR TECHNOLOGY
HOUSTON, Texas - Halliburton Energy Services (HES), a division of Halliburton (HAL: NYSE) today announced that it has entered into a license agreement with Downhole Fluidics Incorporated (DFI) that will enable HES to offer services using DFI's patented fluidic oscillator technology. This technology is built into a versatile tool system with proven capability to clean wellbores and help stimulate production, all in one trip into the wellbore.
Fluidic oscillator technology, currently marketed by DFI as PerfClean service, entails running a specially designed tool into the wellbore on coiled tubing to the producing zone and pumping treatment fluid down the coiled tubing and out through the tool. Because of the unique, patented design of the oscillator, pulsating pressure waves are created. These oscillating pressure waves can help remediate formation damage and improve conductivity in the near-wellbore area, perforation tunnels and formation face. Damage mechanisms that have been effectively removed include scales, paraffin and asphaltene deposits, migrating formation fines, lost or dehydrated drilling mud, resin-coated proppants and bacterial masses. The technique is equally effective in removing deposits from casing and tubulars.
"This innovative technology, coupled with Halliburton's coiled tubing expertise, opens up new solutions in wellbore cleanout, preparation for other stimulation treatments, and, in some cases, primary stimulation," said Hampton Fowler, HES coiled tubing product manager.
"This license agreement between Halliburton and DFI will make fluidic oscillator technology available to operators globally," added Jody Powers, HES president. "We see this as a very cost-effective method operators can use to help improve their reservoir performance."
Based in Midland, Texas, DFI began operations in the Permian Basin region in 1986. The company developed tools based on fluidics technology which it markets through its PerfClean services. Andy Rowe, Downhole Fluidics Vice President, stated, "We have performed services on almost 3,000 wells and reached a milestone completion of our 500th job for a large independent operator in the Permian Basin last year. We are very excited about the agreement with Halliburton, and HES' ability to deliver the oscillator technology to operators worldwide."
DFI's involvement in service treatments includes supplying personnel, tools and tool data to the operator, consulting on treatment design and specification of fluids and pumping schedules.
Halliburton Energy Services provides products, services, and integrated solutions for oil and gas exploration, development, and production. Capabilities range from initial evaluation of producing formations to drilling, completion, production enhancement, and well maintenance - for a single well or an entire field. With more than 300 service centers in more than 90 countries, Halliburton possesses the global perspective that is increasingly important for energy exploration and production.
Halliburton, founded in 1919, is one of the world's largest providers of products and services to the petroleum and energy industries. The company serves its customers with a broad range of products and services through its Energy Services Group and Engineering and Construction Group business segments.
Contact
Laura R. Schwartz
laura.schwartz@halliburton.com
Halliburton
Public Relations
(p) 713.676.5619
Employment Contact
jobs@halliburton.com
(p) 800.888.7668
ext. 8005
Supplier/Procurement Contact
kbr_supplier_relations@halliburton.com
Supplier Diversity Contact
Erin Petkovich
supplier_diversity@halliburton.com
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