Halliburton
awarded $300 million contract for integrated drilling and formation
evaluation services by ConocoPhillips
Posted: 03 May 2004
Halliburton has been awarded a contract for 3 years by ConocoPhillips
to provide integrated drilling services for their North Sea activities.
The contract, awarded to Sperry-Sun includes two additional options
up to 3 years each. The contract is one of the first awarded by
ConocoPhillips covering all their North Sea operations.
The value of the contract is estimated to be $130 million for the
fixed 3-years duration, and includes the provision of directional
drilling, measurement-while-drilling (MWD), logging-while-drilling
(LWD), mud logging and surveying services.
"Halliburton is very pleased to have been awarded this significant
contract, which expands our important relationship with ConocoPhillips,"
said John Gibson, president and CEO Halliburton Energy Services
Group. "We have invested people, time, and money to stay at
the forefront of technology development and ensure a sustainable
future, aimed at meeting our customers and their customers' future
needs."
Fundamental to this contract is the Geo-Pilot system, Sperry-Sun's
second-generation point-the-bit rotary steerable service that was
designed in collaboration with JOGMEC (Japan Oil, Gas, and Metals
National Corporation). The ability to remotely control the Geo-Pilot
rotary steerable system has been successfully demonstrated from
the ConocoPhillips Onshore Drilling Center (ODC). This is an important
step towards integrated operations, allowing the directional driller
to be based in the ODC and work closer with the subsurface teams.
Technologies also significant to this contract include the Stellar(TM)
MWD/LWD formation evaluation suite of sensors, which includes the
BAT(TM) bi-modal acoustic tool, ALD(TM) azimuthal lithodensity sensor,
CTN(TM) compensated thermal neutron sensor, and GeoTap® formation
pressure tester. Each of these technologies can provide ConocoPhillips
with a complete wireline-quality formation evaluation solution.
"By selecting Halliburton for this important contract, ConocoPhillips
has demonstrated that we can help them achieve their growth strategy,"
Jan Erik Klungtveit, Scandinavia country manager, Halliburton Sperry-Sun
and Security DBS. "We have been delivering integrated drilling
and formation evaluation services in the North Sea; this new contract
will provide ConocoPhillips with the best solution this industry
has to offer, helping them meet their drilling challenges and maximize
their reservoir deliverability at the most effective cost."
The provision of the complete suite of drilling and formation evaluation
services will provide synergies for Halliburton as service provider
and for ConocoPhillips in the planning, drilling, and evaluation
of the wells. The collaborative working environment that has been
established in ConocoPhillips' ODC will be further developed to
continue improving the work processes associated with these services.
Halliburton, founded in 1919, is one of the world's largest providers
of products and services to the petroleum and energy industries.
The company serves its customers with a broad range of products
and services through its Energy Services and Engineering and Construction
Groups.
For more informatin see www.halliburton.com
Posted by Richard Price,
Editor Pipeline Magazine
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