April 2021 – Optime

Companies will jointly commercialize and deploy subsea interventions and controls to improve safety and efficiency.

HOUSTON– March 7^th, 2021– Halliburton Company (NYSE: HAL) and Optime Subsea today announced they formed a global strategic alliance to apply Optime’s innovative Remotely Operated Controls System (ROCS) to Halliburton’s completion landing string services.

The companies will also collaborate and offer

intervention and workover control system (IWOCS)
services leveraging Optime’s Subsea Controls and Intervention Light System (SCILS) technology, a new system that compliments Halliburton’s subsea intervention expertise.

Experience SCILS

Experience ROCS

Increased Operational Efficiencies

The alliance will provide umbilical-less operations and subsea controls for deepwater completions and interventions delivering increased operational efficiencies while minimizing safety risk through a smaller offshore footprint and lower cost.

Both companies will work to advance subsea technologies and Halliburton will offer Optime’s technologies as a service across its global portfolio.

“We are excited to work with Optime and leverage their technologies within our existing subsea and intervention solutions,”
Daniel Casale, Vice President of Testing and Subsea

“This alliance will provide operators with previously unavailable capabilities that can be mobilized quickly and reliably to reduce operational time, cost, and safety risk.”

Strong Mutual Alliances

“We believe that strong mutual alliances across the vertical supply chain drives continuous improvements needed in our industry.”
Jan-Fredrik Carlsen, CEO of Optime Subsea

“By solidifying this relationship with Halliburton and combining their well-established, reputable service and technology capabilities with Optime’s innovative controls and intervention technology, more customers will have access to these cost-efficient subsea solutions.”

Discover the System ROCS: Do you want to ROCS Subsea?

About Halliburton

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 in more than 80 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 www.halliburton.com. Connect with Halliburton on Facebook, Twitter, LinkedIn, Instagram and YouTube.

About Optime Subsea

Founded in 2015, Optime is an innovative and globally leading technological provider of subsea controls and intervention systems.

With its headquarter in Notodden, Norway, and international office in Houston, TX, USA, it is a fully integrated system and services provider with all of the capabilities to optimize subsea well interventions and completions operations.

Within this segment, their capabilities are delivering quick to market solutions, further reducing cost, size and improving operational efficiency – simplifying subsea.

Discover the System SCILS: SCILS and the Creation of a Unique Company Culture

For additional information, please reach out to the following:

For Halliburton
Investors: Abu Zeya Halliburton, Investor Relations Investors@Halliburton.com 281-871-2633
Media: William Fitzgerald Halliburton, External Affairs PR@Halliburton.com 713-876-0105

For Optime Subsea
Investor relations Jan-Fredrik Carlsen Optime, Notodden, Norway jfc@optimesubsea.com +47 414 60 996
Media relations Thor Lovland Optime, Houston, TX tal@optimesubsea.com +1 832 904 6842

Every Thursday, the girls at Optime Subsea meet for a training session after work. Project Manager and Fitness Instructor Stine Therese Timland is the initiator of the vigorous and social gathering point.

“There is a very unique culture at Optime Subsea, in a positive way, but there are not that many girls in our company. Therefore, it is terrific that we girls can meet and strengthen our great environment, and at the same time be active together,” says Timland.

An active life is a lifestyle

In addition to the job at Optime Subsea, Stine Therese spends a lot of time on training and family. With a five-year-old in the house, a baby on its way and an instructor job at the local fitness centre Spenst, her days are busy and active. The fact that Stine Therese is structured, tidy and good at keeping track is thus useful both at work and at home.

“Training and activity is not really about structure for me. An active life is a lifestyle that I enjoy.”
Stine Therese Timland

“At the same time, exercise and activity help to improve health, both physically and mentally. It is an advantage for the employer that employees are active because training causes less ailments and lower sick leave,” says the engaged Optime employee.

The latter is one of the reasons why the fitness group Optime Girls is of great value to Optime. The resourceful Project Manager gets to use her training skills for the benefit of her employer.

A sporty working environment

“We do various activities in Optime Girls. Sometimes we do strength training at a gym we have here, other times we go hiking. We have also been on several summits and ski trips,” explains Stine Therese.

The active girl from Notodden is happy to work in a place where employees are encouraged to stay active, and that they have the opportunity to make it something social. She is one of several taking initiative for vigorous social activities in the company.

“Both ski trips and summits have been arranged for all Optime employees on several occasions, and we have had an altitude competition at Strava. If it hadn’t been for the corona we would have been a good bunch at the Birken race last spring and the Birkebeiner race now in March,” she says.

See Optime Girls in the video below.

A business with clear ambitions

Stine Therese started as a purchaser at Optime Subsea in December 2018.

“I submitted an interest application to Optime, because it seemed that they had a very good working environment. It also seemed like a business with clear ambitions, which dared to think outside the box. Based on their needs at the time and my experience, I was offered the position of purchaser,” explains Stine Therese.

As a newly hired purchaser, Stine Therese became an important piece in the launch of SCILS. Read how the work of SCILS helped create the unique corporate culture here.

When asked what the best thing about her job is Stine Therese replies that it is difficult to say anything other than the working environment.

“There is a very special culture here. We may disagree on procedures, and there is absolutely room for that here. Yet the distance between the departments is short, and we all have great respect for each other. We all want Optime to succeed and we are one team.”
Stine Therese Timland

New challenges as a Project Manager

As employee number 18 in the expanding company Optime, the 35-year-old was not allowed to remain among the “new” for very long. In little more than two years, the company has grown from 18 to over 50 employees.

Recently, Stine Therese started a new position as Project Manager. In this position, she will lead a project from order to delivery, which involves a lot of administration and coordination.

“It is exciting to get to try a completely different type of position than the one I had before. I am very happy to get this opportunity,” Timland says.

She appreciates the opportunity for, and the encouragement to, personal and professional development and new challenges.

“It provides an exciting and varied workday where you can grow. I have no trouble seeing myself working at Optime 10 years from now,” says Stine Therese.

Optime Subsea aims to “simplify subsea”. Read how here.

Halliburton and Optime Subsea form Global Alliance