Page 19 - NorthAmOil Week 02 2021

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Enhancement for Halliburton. “With
Halliburton’s leading electric fracturing
capabilities, coupled with an innovative
operator like Cimarex, grid power can offer
one of the most effective and capital efficient
solutions for electric fracturing.”
HALLIBURTON, January 14, 2021
Oceaneering’s subsea

robotics segment wins

contracts in excess of
$225mn during fourth

quarter 2020

Oceaneering International announces that
its Subsea Robotics segment won multiple
contracts during the fourth quarter of
2020, with anticipated aggregate revenue
in excess of $225mn. These contracts are
with international oil and gas operators and
with access to all four major long-haul for Cimarex Energy in the Permian Basin, marine construction companies, and range
pipelines in the DJ Basin. started in November. To date, Halliburton has in duration from several months to five years.
The WOT capacity lease highlights Noble completed almost 340 stages across multiple The work scopes are primarily for remotely
Midstream’s strategy to seek highly accretive wells using utility-powered electric frack operated vehicle (ROV) services delivered
and capital-efficient opportunities to best pumps that demonstrated consistent superior from floating drilling rigs and multi-service,
serve customer needs. Additionally, this performance. subsea intervention, and construction vessels.
transaction furthers the Partnership’s objective “Grid-powered electric fracturing offers Also included among the contracted scopes
to high-grade and diversify its cash flow an alternative path to achieving the lowest are ROV tooling, survey, positioning, and
profile. emissions profile possible compared to autonomous underwater vehicle (AUV)
John Reuwer, Vice President of both turbines and Tier 4 dual fuel engines. services.
Business and Corporate Development of Grid-powered electric fracturing also offers “The contract awards reinforce
the Partnership stated, “This important additional operational reliability and requires Oceaneering’s standing as a premier
transaction marks the first business a lower capital outlay compared to turbines. ROV operator for the offshore oil and gas
development agreement with Chevron as Delivering a grid-powered fracturing solution industry, as many of these projects are in
well as a new commercial partnership with a is an example of Halliburton’s commitment traditional energy developments. In addition,
key midstream provider in the DJ Basin. The to leading in the energy transition by helping Oceaneering is growing its presence in the
WOT capacity lease provides both operational customers achieve lower emissions. renewable energy sector with a contract for
support and value for Chevron and the Cimarex vice president - Permian business its high-speed, high-current capable Isurus
Partnership and gives Noble Midstream the unit, Michael DeShazer, said: “Cimarex ROVs to support offshore wind projects.
ability to add incremental third-party business has focused its infrastructure investment Rod Larson, president and chief executive
and further bolster our strong presence in the on creating operational efficiencies and officer, stated, “We value the confidence
DJ Basin.” reducing emissions including ownership that our customers have in Oceaneering, as
NOBLE MIDSTREAM PARTNERS, January 08, of the electrical grid on our Culberson and evidenced by the volume of this order intake.
2021 Reeves County acreage. These investments The addition of several long-term contracts
are enhanced by Halliburton’s grid-powered reinforces our belief that operators continue
fracturing operation. We look forward to the to view offshore developments as key portfolio
SERVICES continued development of this technology investments. Our offshore robotics resources,
with Halliburton across Cimarex’s assets.” coupled with an increasing capacity to work
Halliburton delivers first is engineered to utilise the maximum power remotely with less on-site intervention,
Halliburton’s electric-powered equipment
enhance job safety, reduce environmental
successful grid-powered potential from the grid, allowing the customer impacts, and bring cost efficiencies to our
customers. These advances strengthen our
to achieve pumping performance of 30-40%
fracturing operation higher than with conventional equipment. position as a market leader in the provision of
global ROV services.”
“Electric fracturing aligns with our goal
Halliburton today announced it has to provide the industry with lower-carbon OCEANEERING INTERNATIONAL, January 14,
successfully deployed the industry’s first intensive solutions and our commitment to 2021
electric grid-powered fracturing operation. a sustainable energy future,” said Michael
The job, being performed on several pads Segura, vice president of Production

Week 02 14•January•2021 www. NEWSBASE .com P19