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Wednesday, December 13, 2017
HOUSTON – December 12, 2017 – Halliburton (NYSE: HAL) today announced the release of Geometrix™ 4D Shaped Cutters, a line of four distinct geometric profiles to help improve cutting efficiency and increase control to reduce drilling costs. Halliburton now offers the largest portfolio of shaped cutters in the oil and gas industry.
“The launch of Geometrix cutters demonstrates our ability to collaborate with customers and translate knowledge into solutions that can help lower drilling costs,” said Scott Regimbald, vice president of the Halliburton Drill Bits and Services business. “Each cutter is tailored for specific applications so operators now have the most complete portfolio to meet their drilling challenges.”
In a recent offshore job in Mexico where an operator was drilling a limestone-shale formation, the Geometrix bit doubled the rate of penetration over a 700 meter section saving the operator three days of drilling time compared to offset wells.
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