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Halliburton and Optime Subsea form Global Alliance

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.
Experience SCILS
Experience ROCS
Jan-Fredrik Carlsen with SCILS

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.”

ROCS

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      
  • SCILS
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Optime’s ROCS Successful in its First Operation for Aker BP

Optime’s subsea system, Remotely Operated Controls System (ROCS) has completed a successful subsea operation for Aker BP. The ROCS eliminates the umbilical during well completions.

This is not just a first system use, but also a first type of operation for the industry.

ROCS was deployed during a completions operation for a production well for Aker BP on the Ærfugl-field on the Norwegian Contintental Shelf in late February.

-This is a major achievement! Optime has developed ROCS over several years and from looking at the total work hours available internally, we have spent a significant share of resources on this development.

Together with Aker BP we have now achieved success on the first operation offshore. I believe that is a great accomplishment and the start of a major industry transition with this system.

Jan-Fredrik Carlsen, CEO at Optime Subsea

ROCS Simplifies Operations

Through ROCS, Optime is contributing to increased efficiency for the oil and gas industry in numerouis ways. ROCS is remotely:

  • controlled topside,
  • using an advanced technological controls unit providing improved functionality,
  • without a large hydraulic system, including a costly and heavy umbilical.

– We have now completed a successful operation on the Ærfugl-field using Optimes ROCS. The operation was planned in great details, allowing for a safe execution. Imbedded in Aker BP is the continous drive towards technology that permanently improves our subsea well operations.

ROCS is a good example of that, as it reduces HSE risk, optimizes operations and also reduces the overall cost for us, says Mads Rødsjø, head of Aker BP’s subsea well operations.

Read the amazing story behind the SCILS and the creation of a unique company culture

-Through the use of ROCS we have been able to move tonnes of actual equipment from the rig, as well as mechanical and hydraulic interfaces, into a simple and efficient software. This is truly digitalization, says Rødsjø.

Optime signed a frame agreement with Aker BP January of 2019. The agreement includes work on Aker BPs subsea systems for two years, with an additional 2 year extension.  

– Aker BP and their competence as well as focus to leverage innovative technology, is fundamental to continous industry improvements. This reduces the environmental footprint, improves efficiency, increases safety, and reduces cost – we believe it will create a new industry norm,

Jan-Fredrik Carlsen, CEO at Optime Subsea

About Optime Subsea

Optime Subsea is based with its HQ on Notodden, Norway as well as office in Houston, Texas. Over the last years it has established itself as a leading specialist on subsea intervention and controls systems globally.

Come work with us: We´re hiring like never before – Right now, we have 5 vacant positions

ROCS Facts

When completing subsea wells, the tubing hanger is placed on top of the well head, as a seal towards the rest of the subsea well.

  • Normally this is controlled through a dedicated hydraulic umbilical which includes a large 20-30 feet control container. When running the umbilical, it is clamped to the tubing for increased stability.
  • ROCS replaces the operation by remotely controlling a controls unit towards the well head. This allows for safer, simpler and more efficient operations
  • ROCS is mobilized in a single basket and prepared and made up onshore, allowing it to be ready to run immediately offshore from a vessel or rig.

For additional information, please reach out to the following:

(Norwegian) Jan-Fredrik Carlsen, CEO Optime, cell: +47 414 60 996 , email: jfc@optimesubsea.com   

(International) Thor-Arne Lovland, CCO Optime, cell: +1 832 904 6842, email: tal@optimesubsea.com

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