Halliburton, Trendsetter and C-Innovations Form Gulf of Mexico Subsea Alliance
April 27 2017 - 5:00PM
Business Wire
Halliburton (NYSE: HAL), Trendsetter Engineering and
C-Innovations today announced the companies have formed a strategic
alliance to provide Gulf of Mexico (GOM) customers with
technologically advanced, integrated offshore well intervention
packages. The alliance leverages the companies’ strengths to create
subsea solutions for hydraulic interventions. The combined packages
will improve operator efficiency while addressing in-field
production and subsea challenges.
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“By working together, we are able to provide customers with
cross-discipline accountability for seamless and reliable
operations,” said Charles Kendrick, GOM region vice president for
Halliburton. "This model reduces interface demand for customers
while delivering safe, efficient and economical results.”
“Our combined approach has already resulted in successful
campaigns that have reduced project costs, enabling operators to
conduct more work and create value in a traditionally high-cost
environment,” said Mario Lugo, chairman and CEO of Trendsetter. “To
date, the alliance’s projects have included complex hydrate
remediation, large acid stimulations, pipeline flushing, and
inspection, maintenance and repair work in water depths up to
10,000 feet.”
“Our newest vessel, ISLAND VENTURE, is considered the most
capable multi-purpose supply vessel in the region and perhaps the
world,” said Dino Chouest, CEO of C-Innovation. “Outfitted with
equipment from all three companies, the vessel meets most subsea
work requirements. Our fleet offerings provide operators with fully
compliant rig alternatives while overcoming existing intervention
limits in the market.
This alliance builds on a track record of successful
collaboration in the region, and is well positioned to meet growing
GOM intervention market demands.
About Halliburton
Founded in 1919, Halliburton is one of the world's largest
providers of products and services to the energy industry. With
approximately 50,000 employees representing 140 nationalities, and
operations in approximately 70 countries, the company serves the
upstream oil and gas industry throughout the lifecycle of the
reservoir – from locating hydrocarbons and managing geological
data, to drilling and formation evaluation, well construction,
completion and production optimization. Visit the company’s website
at www.halliburton.com. Connect with Halliburton on Facebook,
Twitter, LinkedIn, and YouTube.
About Trendsetter Engineering,
Inc.
Trendsetter is a premier provider of specialized subsea
solutions for oil and gas companies across the globe. Beyond
capping stacks and response equipment, Trendsetter has established
itself as an industry leader in subsea production system design and
fabrication, as well as subsea intervention system design,
fabrication and operations.
Trendsetter’s quick response, innovative technology, and
commitment to customer service, safety and quality, is what makes
it the leader in contemporary subsea solutions. Visit the company’s
website at www.trendsetterengineering.com.
C-Innovation
C-Innovation is part of a family of companies recognized as the
most diverse and dynamic marine transportation and solution
providers in the world, operating a growing fleet of over 250
vessels. With full access to the entire group of affiliated
services, including port facilities, fabrication, technical support
and logistics, C-Innovation’s fleet of Heavy Duty Work Class ROVs
serve an expanding global customer base and is an industry leader
in both performance and reliability.
Staying on the forefront of new technologies is an integral part
of C-Innovation’s business plan, as evidenced by recent advances in
the areas of subsea support, integrated operating systems and
global communications. The ability to adapt, manage and operate
diverse, high-capacity and technologically superior fleet of
vessels and ROVs has made C-Innovation an unrivaled leader in the
subsea service industry. Visit the company’s website at
www.c-innovation.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20170427006530/en/
For
HalliburtonInvestors:Lance Loeffler,
281-871-2633Halliburton, Investor
RelationsInvestors@Halliburton.comorMedia:Emily Mir,
281-871-2601Halliburton, Public
RelationsPR@Halliburton.comorFor
TrendsetterMike Cargol, 832-495-9918VP – Rentals &
ServicesM.Cargol@trendsetterengineering.comorFor C-InnovationDavid Sheetz,
713-395-4470Subsea Business
DevelopmentDavid.sheetz@c-innovation.com
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