Halliburton recognised by 2012 Offshore Technology Conference

Halliburton, one of the world's largest oilfield service companies, has been recognised by the 2012 Offshore Technology Conference's (OTC) Spotlight on New Technologies program for its EquiFlow autonomous inflow control device (AICD). The EquiFlow AICD addresses the problem of unwanted water or gas production and solves the inefficiency in current ICD designs.

The Spotlight award was chosen by the OTC Committee based on four separate criteria: it is new and innovative; it has proven full-scale application; it has broad interest and appeal for the industry; and there is significant benefit to the industry beyond existing technologies.

As the only known product of its kind currently being offered in the industry, the EquiFlow AICD makes it possible to restrict unwanted fluid production and boost oil production at the same time. The device has no moving parts or elastomeric seals, and does not require communication to surface or the need for surface intervention. After installation, the AICD can be left to function autonomously for the life of the well.

The EquiFlow AICD, will therefore improve completion reliability, increase completion life, reduce disposal cost and potential environmental issues, and increase wellbore recovery in oil producing fields around the world.

"We believe this technology will provide tremendous value to our customers through the ability to optimise their production over the life of the well, with no intervention or remote operations required," said Jerry Wauters, Vice President of Halliburton's Completion Tools business line.

About Halliburton
Halliburton, founded in 1919, is one of the world's biggest providers of products and services to the energy industry. The company serves the upstream oil and gas industry throughout the lifecycle of the reservoir.

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