Thursday, January 12, 2017
HOUSTON -Halliburton (NYSE: HAL) today announced a technology cooperation agreement with Petrobras (PBR) that will advance collaboration in a diverse set of projects targeting complex reservoirs such as deepwater pre-salt and mature fields.
The multi-year agreement will facilitate the development of innovative solutions in geophysics, drilling and completions, reservoir characterization, well testing, flow assurance and production. The project portfolio will focus on three main challenges: reducing well construction investment, long-term reservoir monitoring and increasing well productivity.
The project collaboration uses Halliburton’s Brazil Technology Center in Rio de Janeiro. This facility is part of the company’s technological excellence network and is the first in the Southern Hemisphere. The network is composed of 15 centers located across the world including the United States, Canada, the United Kingdom, Saudi Arabia, India, Belgium and Singapore.