HOUSTON – April 27, 2017 – Halliburton (NYSE: HAL), Trendsetter Engineering and C-Innovations today announced the companies have formed a strategic alliance to provide Gulf of Mexico (GOM) customers with technologically advanced, integrated offshore well intervention packages. The alliance leverages the companies’ strengths to create subsea solutions for hydraulic interventions. The combined packages will improve operator efficiency while addressing in-field production and subsea challenges.
“By working together, we are able to provide customers with cross-discipline accountability for seamless and reliable operations,” said Charles Kendrick, GOM region vice president for Halliburton. "This model reduces interface demand for customers while delivering safe, efficient and economical results.”
“Our combined approach has already resulted in successful campaigns that have reduced project costs, enabling operators to conduct more work and create value in a traditionally high-cost environment,” said Mario Lugo, chairman and CEO of Trendsetter. “To date, the alliance’s projects have included complex hydrate remediation, large acid stimulations, pipeline flushing, and inspection, maintenance and repair work in water depths up to 10,000 feet.”
“Our newest vessel, ISLAND VENTURE, is considered the most capable multi-purpose supply vessel in the region and perhaps the world,” said Dino Chouest, CEO of C-Innovation. “Outfitted with equipment from all three companies, the vessel meets most subsea work requirements. Our fleet offerings provide operators with fully compliant rig alternatives while overcoming existing intervention limits in the market.
This alliance builds on a track record of successful collaboration in the region, and is well positioned to meet growing GOM intervention market demands.
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 and completion, and optimizing production through the life of the field. Visit the company's website at www.halliburton.com. Connect with Halliburton on Facebook, Twitter, LinkedIn, and YouTube.
About Trendsetter Engineering, Inc.
Trendsetter is a premier provider of specialized subsea solutions for oil and gas companies across the globe. Beyond capping stacks and response equipment, Trendsetter has established itself as an industry leader in subsea production system design and fabrication, as well as subsea intervention system design, fabrication and operations.
Trendsetter’s quick response, innovative technology, and commitment to customer service, safety and quality, is what makes it the leader in contemporary subsea solutions. Visit the company’s website at www.trendsetterengineering.com.
C-Innovation is part of a family of companies recognized as the most diverse and dynamic marine transportation and solution providers in the world, operating a growing fleet of over 250 vessels. With full access to the entire group of affiliated services, including port facilities, fabrication, technical support and logistics, C-Innovation’s fleet of Heavy Duty Work Class ROVs serve an expanding global customer base and is an industry leader in both performance and reliability.
Staying on the forefront of new technologies is an integral part of C-Innovation’s business plan, as evidenced by recent advances in the areas of subsea support, integrated operating systems and global communications. The ability to adapt, manage and operate diverse, high-capacity and technologically superior fleet of vessels and ROVs has made C-Innovation an unrivaled leader in the subsea service industry. Visit the company’s website at www.c-innovation.com.
|For Halliburton||For Trendsetter|
Halliburton, Investor Relations
VP – Rentals & Services
Halliburton, Public Relations
Subsea Business Development