Halliburton Introduces New Borehole Imaging Technology

Generates high-resolution images in oil-based mud to improve formation evaluation

FOR IMMEDIATE RELEASE – HOUSTON – April 27, 2021 – Halliburton Company (NYSE: HAL) today announced StrataXaminer™, a new wireline logging service that helps operators acquire more accurate well data to better evaluate production potential. The tool delivers high-resolution images of the reservoir structure to identify bedding, fracture patterns, fault zones and potential flow barriers with increased accuracy.

Obtaining high resolution images in oil or synthetic-based fluid systems has been an industry challenge for decades. StrataXaminer has ten different operating frequencies and customers can select any three frequencies to record simultaneously. This dynamic range allows operators to customize the image quality based on the formation type, fluid system, and record in a single pass.

“Our team used StrataXaminer to target sedimentary features in tight sands to better understand our fracture network and maximize production,” said a representative from Tarim Oil Company. “Halliburton successfully completed the logging in one run and collected valuable imaging data with fractures characteristic of the target formation."

The tool is available in three versions to optimize the acquisition quality in various size boreholes and can operate in higher pressures than previous technologies. The 8-pad tool provides the greatest borehole coverage as it records data up and down a well, improving data quality and providing more acquisition options on a single run in hole.

“StrataXaminer reduces reservoir uncertainty by providing the industry’s highest resolution images in the widest variety of borehole conditions,” said Trey Clark, vice president of Wireline and Perforating. “This service is the latest in a series of formation evaluation technologies that Halliburton has introduced to help operators better understand the subsurface for more accurate decision-making and maximized asset value.”

About Halliburton

Founded in 1919, Halliburton is one of the world's largest providers of products and services to the energy industry. With approximately 40,000 employees, representing 130 nationalities in more than 70 countries, the company helps its customers maximize value 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 throughout the life of the asset. Visit the company’s website at Connect with Halliburton on Facebook, Twitter, LinkedIn, Instagram and YouTube.

For Investors:
Abu Zeya
Investor Relations

For News Media:
Will Fitzgerald
Public Relations