Halliburton Installs its 1000th Multilateral Junction

Only company to install full-bore cemented level 4 junctions for zonal isolation

HOUSTON - August 2, 2016 - Halliburton (NYSE: HAL) today announced the installation of its 1000th multilateral junction. The company’s global multilateral technology group has installed these junctions, which join laterals to the main wellbore, in over 840 wells worldwide since 1993 with an overall success rate of 98 percent, the highest success rate in the industry.

The 1000th installation was achieved in May using the MillRite® Milled Exit Multilateral System. This was a complex Level 4 junction, as categorized by the Technology Advancement of MultiLaterals (TAML) group, which means that the system achieved mechanical integrity at the junction by using cement to provide both a cased and a cemented main bore and lateral. Halliburton is the only company to install full-bore cemented level 4 junctions for zonal isolation and strength of the junction.

Artie Burke, vice president of the Halliburton Completion Tools business line said “We are proud of our unmatched record of success in multilateral completions technology, which turns otherwise unviable reservoirs into economically sound production prospects. Our customers around the world have challenged us to grow as a provider of Level 4 MLT junctions and we have more than stepped up to the challenge to rapidly escalate our business while continuing to meet service quality demands for excellence.”

Multilateral completions also benefit operators by helping to keep construction costs down, minimizing non-productive time, and reducing the number of surface locations needed for field development, Burke added.

Halliburton is the market leader in multilateral solutions and the only company in the industry with a technology development group solely dedicated to multilateral technology. The group offers customized solutions for its customers that maximize reservoir value through the integration of drilling and completion technologies and global expertise.

About Halliburton

Founded in 1919, Halliburton is one of the world’s largest providers of products and services to the energy industry. With over 50,000 employees, representing 140 nationalities 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.

Contacts

For Investors:
Lance Loeffler
Investor Relations
investors@halliburton.com
281-871-2688

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

 

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