Halliburton’s RezConnect Selected for Prestigious OTC Technology Award

Well Testing System Reduces Uncertainty, Increases Reliability

HOUSTON – May 4, 2015 – Halliburton’s Testing and Subsea business line announced today its RezConnect™ Well Testing System, the industry’s first solution to offer complete acoustic control of drill-stem tools, received the Offshore Technology Conference (OTC) 2015 Spotlight on New Technology Award.

This award highlights leading hardware and software technologies based on five criteria: broad industry appeal, proven application, impact beyond existing technologies, less than two years since introduction and innovation capable of revolutionizing exploration and production.

RezConnect is powered by Halliburton’s DynaLink® telemetry system, a wireless sensor and acoustic transmitter network that enables bidirectional communication between downhole tools and the surface. It receives real-time data allowing operators to make faster decisions and more accurately characterize reservoir formations through pressure and temperature, the operation of downhole valves and sample collection and analysis.

In deep water wells, the higher hydrostatic pressure requires more applied annulus pressure to activate conventional drill-stem tools.  RezConnect reduces the amount of applied annulus pressure needed, decreasing the risk for overlapping tool operating pressures and creating a safer, more controlled well test. The technology has been employed in offshore operations in Latin America.

“Halliburton’s mission is to create sustainable value for our customers and we’re honored OTC has selected RezConnect as a novel technology that brings new levels of innovation to well testing operations,” said Abdalla Awara, vice president of Testing and Subsea.

Halliburton will receive the award during the OTC conference on Monday, May 4, at 4 p.m. CT.

About Halliburton

Founded in 1919, Halliburton is one of the world's largest providers of products and services to the energy industry. With over 75,000 employees, representing 140 nationalities in approximately 80 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, Oilpro and YouTube.

Contacts

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Kelly Youngblood
Investor Relations
investors@halliburton.com
281-871-2688

For Media:
William Fitzgerald
Industry Communications
pr@halliburton.com
281-871-5267 

 

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