Halliburton (NYSE:HAL) and Oil States Industries (NYSE:OIS) are teaming up to offer safer and more efficient deepwater managed pressure drilling (MPD) solutions for offshore drillers. The strategic alliance, announced today by Daniel Casale of Halliburton and Garry Stephen of Oil States Industries, aims to improve operational efficiencies in offshore drilling ventures with an innovative approach to annular pressure profile control.
Their collaboration introduces a product-service combo that integrates MPD and riser gas handling into a compact joint. The system's design promises a seamless installation process, reduced rig footprint, and minimized trapped gas risks, marking a leap in deepwater drilling safety and efficiency. It also allows for swift transition between MPD and non-MPD modes, ensuring operational dexterity.
Halliburton is known for its innovative technologies that help customers maximize value throughout an asset's life cycle. Meanwhile, Oil States Industries is a global supplier of critical components to traditional and renewable energy sectors. The company also offers systems, services, complex parts manufacturing, specialty welding consulting, engineering, precision machining, and specialized testing services.
This partnership leverages the strengths of both companies to provide improved control in narrow pressure windows compared to conventional drilling methods. The integration of a digital platform and training further enhances the operational efficiency of the system. Both Casale and Stephen emphasized the benefits of their integrated services in the offshore drilling industry.
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