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2003 Press Releases
FOR IMMEDIATE RELEASE: October 6, 2003

HALLIBURTON INTRODUCES BREAKTHROUGH TECHNOLOGIES DESIGNED TO MAXIMIZE HYDROCARBON RECOVERY

DENVER, Colorado and HOUSTON, Texas - To help operators improve productivity and extend the life of the well, Halliburton Energy Services has added four technologies to its suite of production optimization services -- Reservoir Performance Monitoring (RPM); DepthStar™ Tubing Retrievable Safety Valve; Relative Permeability Modifier technology; and SilverStim™ fracturing fluid system.

   •  Reservoir Performance Monitoring (RPM) provides high-reliability, permanent downhole monitoring solutions focused on optimizing production, maximizing reserves and maintaining completions integrity. Halliburton utilizes the latest monitoring technologies, such as fiber optics, acoustic telemetry, capillary tubing pressure, and multi-phase flow measurement, along with industry-leading capabilities in downhole completions, as well as Landmark Graphic's industry standard wellbore and reservoir performance, visualization, and interpretation software to deliver maximum value to the operator.

   •  DepthStar™ Tubing Retrievable Safety Valve is a revolutionary concept in the realm of surface controlled subsurface safety valves. Unlike any before it, the DepthStar tubing retrievable valve functions completely independent of well pressure. Therefore, it is able to operate at consistently low hydraulic pressures making it an ideal solution for deepwater completions. The DepthStar valve, through the use of a magnetic coupler, allows for positioning the hydraulic actuator completely out of the tubing wellbore. It has long been the desire of industry, with regards to tubing retrievable safety valves, to increase metal-to-metal sealing capability while reducing the overall number of seals. By re-positioning the hydraulic actuator outside the tubing wellbore, the DepthStar valve becomes the world's first safety valve that is 100 percent metal-to-metal and contains no moving seals within the tubing wellbore.

   •  Relative Permeability Modifier technology is the result of an ongoing research and development program to help operators control the production of unwanted water. This technology actually inhibits the ability of water to flow through the formation rock structure. In addition, the product has little to no effect on hydrocarbon flow. The ability to inhibit water flow in the formation makes the material applicable as a water control agent (H2RedSM service), a diverting agent for acid treatments (Guidon AGSSM service), and as an additive for fracturing treatments in which the zone to be fractured is near a water zone (CW-FracSM service).

   •  SilverStimSM fracturing service is based on the latest in high performance fluid technology from Halliburton and results in a step change in how frac fluids are used and applied in the field. SilverStim polymer technology greatly improves fracture conductivity compared to other frac fluid systems developed over the past 7 years. SilverStim service provides the viscosity needed to place proppant while yielding higher conductivity than other conventional systems used in the same conditions. Additionally, as a means to provide our customers with a comprehensive stimulation package, Halliburton provides SilverStim as a complete fluid service. Customer need only to consider the reservoir temperature (currently from 60 degrees Fahrenheit to 300 degrees Fahrenheit), the pumping time for treatment placement and the method of fluid recovery that customers normally use. The complete fluid system approach coupled with Halliburton's Gold Medal™ quality assurance program means the customer receives an optimized fluid system tailored to well conditions without having to analyze and validate individual fluid components. "With these and other products and services, we are committed to providing our customers with advanced completion solutions, consulting services and high-end discrete technologies to maximize hydrocarbon recovery," said Gary Godwin, division vice president, Tools, Testing & Tubing Conveyed Perforating, Halliburton Energy Services.

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 over 100 countries, Halliburton possesses the global perspective that is increasingly important for energy exploration and production.

Halliburton (NYSE:HAL), 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 .



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