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HALLIBURTON WINS SIX E&P MERITORIOUS ENGINEERING INNOVATION AWARDS
HOUSTON, Texas - Halliburton (NYSE:HAL) announced today that it has won 6 E&P meritorious engineering awards for 2004. Bill Pike, editor in chief for E&P presented the awards today at the Offshore Technology Conference in Houston.
"These awards represent the hard work and dedication of Halliburton employees and our commitment to staying at the forefront of technology development," said John Gibson, president and chief executive officer of Halliburton's Energy Services Group. "It is an honor for Halliburton technology to be recognized year after year by this prestigious committee. This is another example that our employees are hard at work developing solutions to ensure a sustainable future."
Halliburton technologies won in several categories. Halliburton's DrillAhead® services won in wellbore construction systems. Halliburton's G-Force™ precision-oriented perforating system won in completions equipment. Halliburton's MicroPolymer® service won in completions systems. Halliburton's Underbalanced Applications reservoir analysis service won in subsurface characterization and analysis systems. Halliburton's WaterWebsm treatment services won in production equipment. Landmark Graphics' ProMAGIC™ system won in exploration systems.
"The receipt of a E&P Meritorious Engineering Award marks a company as a technological leader in the upstream oil and gas industry. The award program, now in its 33rd year, is judged independently by a panel of recognized industry experts who rank the technologies for their potential to improve efficiency, cost effectiveness, safety, and technological progress in upstream operations. Previous award winning technologies have been instrumental in the continuing technical and economic success of the upstream industry," said William Pike, editor-in-chief of E&P.
DrillAhead services provides fully engineered solutions that can help increase wellbore pressure containment by creating flexible stress cages around the wellbore while sealing natural and induced fractures and fissures. This new technology can help a wellbore contain pressures higher than the natural fracture gradient of the formations through which it is drilled, and DrillAhead services engineering analyses, predicting achievable increases in wellbore-pressure containment, can be used to design treatments that help optimize well plans to reduce casing and liner installations. The new technology can be used to improve leakoff tests and save time regardless of whether there is a mud channel or a weak zone at the casing shoe. DrillAhead services' Widen the Mud Weight Window™ concept can help eliminate drilling casings or liners, which will result in deceases in both well construction costs and lost time. Unlike cement squeezes, which require tripping the drill string out of the hole, DrillAhead service treatments are designed to run through the bit. Eliminating tripping further reduces rig time and can decrease accident exposure for the rig crew. There is no waiting time for DrillAhead sealants to set, and drilling operations can continue immediately.
The G-Force precision-oriented perforating system is an internal orienting gun system that is able to go through restrictions not possible with older systems. It can align perforations in deviated and horizontal wells in a controlled manner, greatly enhancing productivity potential from perforated intervals. Because the orienting rotational devices in the G-Force precision-oriented perforating system are inside the protective environment of the gun carrier, the orientation device does not need to overcome friction forces imposed by the casing. Eliminating multiple orientation subs increases shot efficiency to more than 90%. Because verification can be made when shooting only one gun with all exit holes on a given gun aligned, successful perforation orientation can be confirmed, eliminating the need for post-perforation logging.
The Halliburton MicroPolymer® (HMPsm) service provides a premium water-based fracturing fluid that can be easily reclaimed and reused multiple times, dramatically reducing the need for water supply and disposal.
Reusing HMP™ fluid recovered by flowback helps relieve the water supply and disposal problems because the same fluid is used on successive stimulation jobs. Because of its robust nature, HMP fluid enables successful fracture stimulation of historically difficult-to-fracture reservoirs. Excellent cleanup, about twice as efficient and effective as conventional fluids, is achieved without the use of gel breakers. Field results demonstrate that effective fracture lengths can increase three- to five-fold over fracture lengths resulting from the use of conventional fluids. Fracture-length increases usually make significant increases in production rates and reserves. Ultimately, HMP service may help increase the world's reserves by enabling more hydrocarbon production at lower cost.
Halliburton's Underbalanced Applications reservoir analysis service is a comprehensive engineering process that integrates and sequences surface and subsurface data obtained during underbalanced drilling and then evaluates this data to characterize the reservoir and yield valuable production data such as productivity index and permeability. Measurements are taken from Halliburton's advanced data acquisition system, which acquires data, compiles and processes information, and submits the data for transmission. Halliburton's state-of-the-art, four-phase separation equipment and downhole equipment provide the data. This "testing while drilling" methodology yields important reservoir information that can greatly change reservoir knowledge. Halliburton is creating a process to test wells during the drilling phase based on data obtained while drilling and from testing designed to fit into the underbalanced application. Reservoirs not considered sufficiently economic to merit testing are automatically tested during the drilling phase, giving an abundance of reservoir knowledge to the asset manager.
WaterWeb service uses unique polymer chemistry to help create oil-water separation in the reservoir, impeding water at the source and enhancing hydrocarbon flow to the wellbore. The resulting improved oil/gas recovery potential stems from a reduced water column giving improved natural lift for the residual oil and/or gas. In addition, it helps justify prolonged and sustained production by enhancing reservoir drainage. WaterWeb service works by adsorbing onto the rock surface, reducing permeability to water seven to ten times more than it does to hydrocarbons. In effect, WaterWeb service creates a barrier that holds back water while allowing oil and gas to pass freely.
ProMAGIC software application links the functionality of the ProMAX® seismic data processing system to the GeoProbe® 3D volume visualization and interpretation system. This application maps the additional dimension of pre-stack seismic data into an interpretation environment for the first time, integrating the tools and technologies of two historically independent G&G disciplines to enable more accurate seismic processing results. ProMAGIC software makes it possible for geoscientists to simultaneously view terabytes of data from various perspectives or domains to identify complex geologic trends, destructive noise patterns, or anomalies that could potentially go undetected in a conventional seismic processing workflow. ProMAGIC system integrates the visualization speed and precision of the GeoProbe volume interpretation system with the processing algorithms of the ProMAX 3D seismic processing system, eliminating barriers to rapid and accurate prospect generation.
The E&P Meritorious Awards for Engineering Innovation, established in 1971, honor the world's best new tools and techniques for finding, drilling, and producing oil and gas wells. Entries are judged on their innovation of concept or design, their ability to solve a real, practical oilfield problem and their potential for improving profitability, safety, or efficiency. The judging committee is composed of experienced industry personnel from around the world with respected engineering backgrounds and oilfield expertise.
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 and Engineering and Construction Groups. The company's World Wide Web site can be accessed at www.halliburton.com.
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