Halliburton and Sekal Enter Agreement to Deliver Leading Well Construction Automation Solutions

Rhea-AI Summary

Halliburton (NYSE: HAL) and Sekal AS have entered an agreement to jointly provide well construction automation solutions, aiming to deliver fully automated drilling operations. The collaboration incorporates Halliburton's digital solutions and Sekal's DrillTronics automation platform, with a focus on end-to-end automation from planning to execution.

HOUSTON--(BUSINESS WIRE)-- Halliburton Company (NYSE: HAL) and Sekal AS have announced an agreement to jointly provide leading well construction automation solutions as part of a longer-term strategy to deliver fully automated drilling operations. Under the agreement, Halliburton and Sekal are collaborating on several technologies and services that incorporate Halliburton digitally integrated well construction solutions and the Sekal DrillTronics automation platform. In addition, both parties’ remote operations centers will provide expertise and support to these offerings.

Currently deployed across multiple projects, the companies’ technologies provide end-to-end solutions that automate well construction services from planning to execution. Halliburton and Sekal will expand these projects for other customers.

“This agreement with Sekal will allow Halliburton to accelerate the deployment of our automation capabilities and provide industry-leading digital solutions, which lower well construction costs and reduce operational risks for our customers,” said Steve Haden, senior vice president, Halliburton Project Management.

“We are pleased to collaborate with Halliburton to integrate our companies’ field-proven technologies to unlock the full potential of digital well construction,” said Jarle Vaag, Chief Commercial Officer, Sekal, “This agreement is our response to the market demand for seamless holistic downhole and surface process control, safeguarding, and optimization. By combining our areas of expertise, we are ready to accelerate the adoption of a unique drilling automation solution globally."

ABOUT HALLIBURTON

Halliburton is one of the world’s leading providers of products and services to the energy industry. Founded in 1919, we create innovative technologies, products, and services that help our customers maximize their value throughout the life cycle of an asset and advance a sustainable energy future. Visit us at www.halliburton.com; connect with us on LinkedIn, YouTube, Instagram, and Facebook.

ABOUT SEKAL

Sekal is a global leader in digital solutions for optimized drilling performance and drilling autonomy. The company’s advanced technologies help the energy sector transition to autonomous drilling operations, increasing efficiency, reducing costs, and minimizing environmental impact. For more information, visit http://www.sekal.com

View source version on businesswire.com: https://www.businesswire.com/news/home/20231107453327/en/

Investor Relations Contact

David Coleman

investors@halliburton.com

281-871-2688

Press Contact

Andrew Knotts

pr@halliburton.com

281-871-2601

Source: Halliburton Company

FAQ

What is the agreement between Halliburton and Sekal AS about?

The agreement involves providing well construction automation solutions and fully automated drilling operations through a collaboration between Halliburton and Sekal AS.

What technologies are being incorporated into the collaboration?

The collaboration incorporates Halliburton's digitally integrated well construction solutions and Sekal's DrillTronics automation platform.

What is the goal of the collaboration between Halliburton and Sekal AS?

The goal is to provide end-to-end automation solutions for well construction services from planning to execution, aiming to lower costs and reduce operational risks for customers.