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HALLIBURTON REVOLUTIONIZES PDC DRILL BIT DESIGN WITH THE RELEASE OF FM3000
Houston, Texas - Halliburton Energy Services product service line Security DBS, today announced the release of FM3000™, an advanced PDC drill bit that combines Force Management, Dynamics Optimization, and Advanced PDC Cutter Technology. Because of their unique design and analytical software, the drill bits can be customized to any drilling application. FM3000 is designed to improve drilling performance, delivering higher rates of penetration (ROP) without compromising the life of the bit. Halliburton Energy Services is a business unit of Halliburton (NYSE:HAL).
"Customers are continuously seeking better ROP, longer bit life and better directional properties to deliver lower cost per foot drilled," said Randy Young, vice president, Halliburton Energy Services, Security DBS. "FM3000 technology is the most advanced design process in PDC drill bit manufacturing available today. This technology is a perfect example of Halliburton's commitment to continuously develop breakthrough technology for the industry."
Force Management is a design feature of the PDC bit cutting structure using state-of-the-art Computer Aided Design (CAD) software. Precise three-dimensional definition of cutter interaction with the rock allows the cutter forces to be harnessed to maximize drilling efficiency.
Dynamics optimization is a design feature incorporating a precise software model of the PDC bits drilling dynamics. This feature prolongs cutter life and enhances the bit's directional properties.
Advanced PDC cutter technology, is the product of Security DBS's continuous research and development program in PDC cutter manufacturing. The research program has led to advances in the cutter manufacturing processes, cutter testing techniques, selection of diamond grades and diamond table thickness. Security DBS has overcome the historical compromise of increasing cutter abrasion resistance with decreasing cutter impact resistance. Advanced Cutter Technology allows optimized cutter specifications for each drilling application.
The combination of these three technologies has increased PDC bit durability while sustaining aggressive drilling rates. To date, Security DBS has run more than 120 prototypes of the FM3000 technology. Performance has improved significantly over today's standards: 20% improvement in drilling rate, 50% improvement in footage drilled has been recorded. This translates into a significant reduction in drilling costs.
The FM3000 PDC bit is a key component of Sperry-Sun's FullDrift™ suite of drilling tools. Sperry-Sun and Security DBS have developed a matched drilling system that uses the "point-the-bit" principal to ensure that the bit steering forces are always along the wellbore axis as opposed to steering by applying side forces on the drill bit. The FM3000 bit design philosophy also guarantees that each extended gauge PDC FullDrift bit is tailored for each drilling application.
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, stimulation, and well maintenance - for a single well or an entire field. With more than 300 service centers in more than 100 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. The company's World Wide Web site can be accessed at www.halliburton.com.
Contact
Beverly Scippa
beverly.scippa@halliburton.com
Halliburton Public Relations
(p) 713.676.4371
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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