TechnipFMC and Halliburton’s Subsea Fiber Optic Solution Selected by OTC and ExxonMobil
July 07 2021 - 4:15PM
Business Wire
Technology enables digital transformation of
offshore development project in Guyana
TechnipFMC (NYSE:FTI) and Halliburton Company (NYSE: HAL) today
announced they received an OTC Spotlight on New Technology Award®
(SONT) for their Odassea™ Subsea Fiber Optic Solution, an advanced
downhole fiber optic sensing system. ExxonMobil selected the
solution for its Payara development project in Guyana. The award
followed completion of front-end engineering and design studies and
qualifications.
“We are excited to win OTC’s Spotlight Award and deploy Odassea™
in Payara, the industry’s largest subsea fiber optic sensing
project,” said Trey Clark, vice president of Halliburton Wireline
and Perforating. “By collaborating with TechnipFMC, we combine our
sensing and subsea expertise to enhance reservoir insight and to
lower the total cost of ownership for our customers.”
The Odassea™ service integrates hardware and digital systems to
strengthen capabilities in subsea reservoir monitoring and
production optimization. Halliburton provides the fiber optic
sensing technology and analysis for reservoir diagnostics.
TechnipFMC provides the optical connectivity from the topside to
the completions. Through this collaboration, operators can
accelerate full field subsea fiber optic sensing, design, and
execution.
The Payara development, located 200 kilometers offshore Guyana
in 1,800 meters water depth, is the third development within the
Stabroek block with current discovered recoverable resources
estimated at approximately 9 billion oil-equivalent barrels.
“To win the SONT award and to help our client enable an enhanced
level of reservoir understanding are great achievements,” said
Christina Johansen, Senior Vice President of TechnipFMC Subsea
Product Management. “Solutions such as Odassea™ transform our
clients’ project economics and demonstrate how we are continuously
driving change in the industry.”
TechnipFMC and Halliburton are delivering Odassea™ solutions to
multiple other subsea projects at all stages, from conceptual
design to execution.
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About TechnipFMC
TechnipFMC is a leading technology provider to the traditional
and new energy industries, delivering fully integrated projects,
products, and services.
With our proprietary technologies and comprehensive solutions,
we are transforming our clients’ project economics, helping them
unlock new possibilities to develop energy resources while reducing
carbon intensity and supporting their energy transition
ambitions.
Organized in two business segments — Subsea and Surface
Technologies — we will continue to advance the industry with our
pioneering integrated ecosystems (such as iEPCI™, iFEED™ and
iComplete™), technology leadership and digital innovation.
Each of our approximately 20,000 employees is driven by a
commitment to our clients’ success, and a culture of strong
execution, purposeful innovation, and challenging industry
conventions.
TechnipFMC uses its website as a channel of distribution of
material company information. To learn more about how we are
driving change in the industry, go to www.TechnipFMC.com and follow
us on Twitter @TechnipFMC.
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 in
more than 80 countries, the company helps its customers maximize
value throughout the lifecycle of the reservoir – from locating
hydrocarbons and managing geological data, to drilling and
formation evaluation, well construction and completion, and
optimizing production throughout the life of the asset. Visit the
company’s website at www.halliburton.com. Connect with Halliburton
on Facebook, Twitter, LinkedIn, Instagram and YouTube.
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For Halliburton
Investors: Abu Zeya Halliburton, Investor Relations
Investors@Halliburton.com 281-871-2633
Media: William Fitzgerald Halliburton, External Affairs
PR@Halliburton.com 713-876-0105
For TechnipFMC
Investors: Matt Seinsheimer Vice President, Investor
Relations Tel: +1 281 260 3665 Email: Matt Seinsheimer
James Davis Senior Manager, Investor Relations Tel: +1 281 260
3665 Email: James Davis
Media relations
Nicola Cameron Vice President, Corporate Communications Tel: +44
1383 742297 Email: Nicola Cameron
Catie Tuley Director, Public Relations Tel: +1 713 876 7296
Email: Catie Tuley
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