Halliburton Co. and Optime Subsea have formed a global strategic alliance on April 7 to apply Optime’s innovative Remotely Operated Controls System (ROCS) to Halliburton’s completion landing string services.
The companies will also collaborate and offer intervention and workover control system services leveraging Optime’s Subsea Controls and Intervention Light System (SCILS) technology, a remote digital enabled system that compliments Halliburton’s subsea intervention expertise.
“We are excited to work with Optime and leverage their technologies within our existing subsea completions and intervention solutions,” Daniel Casale, vice president of testing and subsea at Halliburton, said. “Our alliance advances remote capabilities and provides a capital efficient solution, allowing customers to reduce safety risk, operational footprint, setup and run-time.”
The alliance will provide umbilical-less operations and subsea controls for deepwater completions and interventions delivering increased operational efficiencies while minimizing safety risk through a smaller offshore footprint. Halliburton will offer Optime’s innovative technologies as a service across its global portfolio.
“We believe that strong mutual alliances across the vertical supply chain drives continuous improvements needed in our industry,” Jan-Fredrik Carlsen, CEO of Optime Subsea, said. “By solidifying this relationship with Halliburton and combining their well-established, reputable service and technology capabilities with Optime’s innovative controls and intervention technology, more customers will have access to these cost-efficient subsea solutions.”
The crude oil build in the U.S. was “obviously” a surprise driven by a surge in imports and a plunge in exports, says analyst John Kilduff.
Flooding in East Texas impeded some refinery activity and slowed shipments through the Houston Ship Channel.
Brent fell $0.11/bbl last week to average $61.51/bbl.