Halliburton has been given a contract for field assessment and well construction services from Norwegian oil and gas firm OKEA for all the latter’s fields in the Norwegian Continental Shelf (NCS).


Image: Halliburton offices on Bellaire Boulevard in Westchase, Houston. Photo: courtesy of WhisperToMe/Wikipedia.org

OKEA is developing new marginal fields and cost-efficiency is vital to ensure that the projects provide economic returns. After an open selection process, OKEA chose Halliburton to support the company as it works to develop fields in the NCS more effectively.

Through detailed sub-surface studies and scenario optimization, OKEA aims to establish an integrated service delivery model that will allow for the construction and service of wells throughout the fields’ lifecycle.

OKEA CEO Erik Haugane said: “The success of our industry is determined by our ability to supply the world with stable and affordable energy. In order to do so, the oil companies and the service companies have a common goal to decrease unit costs and enhance efficiency.

“We are pleased to have Halliburton work with OKEA to embark on this quest by jointly defining the optimal solutions going forward.”

Halliburton Norway vice president Sanjeev Verma said: “We are pleased with this award and look forward to working with OKEA.

“This is a great opportunity to collaborate and provide engineered solutions, digital approach, and operational excellence to maximize OKEA’s asset value.”

Source: Company Press Release