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Tuesday, September 24, 2019
Complete portfolio offers faster and more accurate cutting solutions
Houston – September 23, 2019 – Halliburton Company (NYSE: HAL) today announced an asset acquisition of a new portfolio of electro-mechanical downhole cutting tools and tubing punches from Westerton (UK) Ltd. These services provide operators with a safe and reliable alternative to traditional pipe recovery and intervention across the well lifecycle from exploration to abandonment.
The electro-mechanical downhole cutting portfolio includes single and rotating blade configurations that perform precision cuts on oilfield tubulars. Operators can achieve single blade cuts in less than two minutes with real-time downhole data that reduces uncertainty.
This new technology eliminates the need for traditional explosive charges and chemicals, resulting in improved safety and easier transportation. Each cutting operation requires minimal surface equipment to enable faster deployment from any wireline unit.
“The ability to deploy cutting services rapidly and efficiently is important for pipe recovery,” said Trey Clark, vice president of Wireline and Perforating. “This new technology complements Halliburton’s extensive well intervention portfolio, helping operators reduce the cost to construct new wells and extend the life of old wells.”
On a recent campaign in the North Sea, an operator utilized the electro-mechanical downhole cutting service for a well abandonment program. The technology successfully saved one and half days of rig time per well—a substantial reduction from the initial plan.
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