ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

Aker BP and Halliburton Execute First Umbilical-Less Tubing Hanger Installation

Halliburton (NYSE: HAL), in collaboration with Aker BP, executed the first operation using the Enhanced Remote Operated Control System (eROCS) and Optime Tubing Hanger Orientation System (OTHOS) in the Norwegian continental shelf. The achievement sets a new direction for Halliburton's subsea operations, with broader access to digital control and umbilical-less solutions in offshore regions.

The operation marked a breakthrough in subsea control and completions. The use of digital hydraulic control and the OTHOS allowed the precise installation and orientation of the vertical Christmas Tree tubing hanger without umbilicals, conventional tubing hanger orientation tools, or standard blowout preventer alignment equipment. The approach simplified planning and interface requirements, reduced operational complexity, lowered risks and costs, and increased rig flexibility for Aker BP.

"This milestone moves the entire subsea industry forward and opens up new possibilities once out of reach," said Josh Sears, senior vice president, Halliburton Drilling and Evaluation. "The successful installation reflects years of effort, bold ideas, and close teamwork with Aker BP. eROCS offers customers a solution for umbilical-less tubing hanger installation in every major offshore region and creates the opportunity to maximize value for our customers."

"At Aker BP, we are committed to innovation that creates safer, more efficient, and more sustainable operations," said Mads Rødsjø, vice president, Drilling and Wells, Aker BP. "The successful eROCS operation is a testament to this ambition. Together with Halliburton, we have taken a major step towards digital subsea control—one that will benefit not only our projects, but the wider industry."

With eROCS now field-validated, operators gain a new tool to reduce complexity and cost with improved control in offshore environments. This successful installation establishes eROCS as a proven solution for subsea well operations and signals a shift toward digital control within offshore markets.

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.

Contacts

Recent Quotes

View More
Symbol Price Change (%)
AMZN  234.42
+0.54 (0.23%)
AAPL  286.19
+3.09 (1.09%)
AMD  215.24
-4.52 (-2.06%)
BAC  53.19
-0.05 (-0.09%)
GOOG  316.02
+0.90 (0.29%)
META  647.10
+6.23 (0.97%)
MSFT  490.00
+3.26 (0.67%)
NVDA  181.46
+1.54 (0.86%)
ORCL  201.10
+0.16 (0.08%)
TSLA  429.24
-0.90 (-0.21%)
Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the Privacy Policy and Terms Of Service.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.