Companies will jointly commercialize and deploy subsea interventions and controls to improve safety and efficiency.
HOUSTON– March 7th, 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.
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?
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.
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