Technology & Innovation
Halliburton is at the forefront of developing innovative solutions for our customers’ business challenges in the midst of an energy and digital revolution. We are focused on the future and the exciting evolving energy transition, providing products, services and solutions to the oil and gas industry that support our customers in their low-carbon future. This development focus is continuously enhanced by our customer collaboration, advanced technology, continuous improvement, safety and service quality.
Technological innovations are fundamentally altering the dynamics of business, economics, education, governance and even our sense of community. In our industry, digital technologies are redrawing the map of exploration and production in ways unimaginable not long ago. Halliburton digital initiatives are integral to our business strategy and are targeted at solving business challenges.
From big data analytics that drive operational efficiency and accelerate cycle times, to the use of machine learning and artificial intelligence to provide real-time insights and enable automation across all stages of the well life cycle, Halliburton is able to automate both mechanical systems and processes – enabling people to focus on more advanced, value-adding tasks.
Innovation management at Halliburton begins with identifying the global priorities of our customers through the relationships forged by our 14 product services lines. Our focus is on continuous improvement; therefore, our innovation objectives are modified regularly to mitigate risks, including environmental, social and governance (ESG) risks, from the product or service.
Halliburton thrives on technical challenges; designing appropriate solutions are what we are renowned for achieving. The challenges of the global move to a low-carbon economy provide us a novel and exciting opportunity – to produce oil and gas as efficiently as possible with negligible material usage and zero emissions. As a result, sustainability principles and requirements such as emissions, water use, waste management, health and safety, increased production potential, and cost reduction are addressed as part of our technology development process.
In 2019, Halliburton engaged our global teams to develop innovative approaches to reduce the environmental footprint of our products and services. Whether it was hazardous waste reductions, water recovery, recycling initiatives or carbon dioxide (CO2) reduction efforts, each of these projects created a more efficient and sustainable way to operate. This year alone, we launched 35 major products and/or services, which contributed to the reduction/elimination or improvement in ESG impacts.
Our iCruise® intelligent rotary steerable system (RSS) has enabled the completion of jobs six days ahead of schedule, while keeping 100 percent accuracy in each respective zone. This technology helped save 7,200 gallons of diesel, which equates to 74 metric tons of carbon dioxide equivalent (CO2e) over an equivalent job drilled with traditional methods. This technology also eliminated the need to use lithium batteries, thus removing any adverse environmental impacts of lithium battery production, storage and recycling or disposal.
Electric Q10™ pump
An example of this is in looking at new ways of powering our Q10™ pump. Our approach is a non-conventional, high-power density, natural-gas-turbine-driven mobile power plant which can be run using highly abundant, 100 percent North American produced natural gas, or with flare gas harvested by third parties. This is coupled with high duty-cycle-rated electrical systems and components to drive our world-class Q10 hydraulic fracturing pump. The resulting benefits will empower our customers to improve their eco-footprints by:
- creating a modular approach allows for minimized truck moves and right-sized power utilization for the most efficient power delivery,
- reduced emissions to air - even compared to our already ultra-low emissions North American Tier 4 fleet, which is the largest such fleet in the world, and
- higher asset utilization and an overall leaner operation via the continuous-duty components.
Electro-Mechanical Down Hole Cutting Tools
In the United Kingdom, our Wireline electro-mechanical downhole cutting tools and tubing punches can achieve single blade cuts in less than two minutes with real-time downhole data. This decreases time on site and eliminates the need for the transportation, storage and usage of explosive charges and chemicals. On a recent campaign in the North Sea, an operator utilized the electromechanical downhole cutting service for a well abandonment program. The technology successfully saved one-and-a-half days of rig time per well – a substantial reduction from the initial plan.
Tuned® Prime™ Cement Spacer
Our Tuned® Prime™ cement spacer has resulted in a greater than 93 percent reduction in crystalline silica content, which significantly improves the safety for personnel using cement spacers.