Message #42 From:
NewsBot Date: November 27, 2006 12:01:00 PM
HAL News Halliburton and Grant Prideco Combine Technologies for Real Time Imaging While Drilling
HOUSTON--(BUSINESS WIRE)--Sperry Drilling Services, a brand of Halliburton’s
(NYSE:HAL) Drilling and Formation Evaluation division, and IntelliServ
Inc., a wholly owned subsidiary of Grant Prideco (NYSE:GRP), have
interfaced their technologies and successfully tested a system using The
IntelliServ® Network drill string telemetry to
transfer all the data and information generated by downhole drilling and
formation evaluation tools to the surface in real time, at rates up to
10,000 times those available today.
Utilization of The IntelliServ Network, which is fully compatible with
Sperry’s INSITE®
logging-while-drilling services, offers new drilling and formation
evaluation capabilities, including the transmission of high-resolution
images of the subsurface in real time.
“Today, drilling rates can be limited by the
transmission speed of high volume data collected during the drilling and
evaluation process,” said Brady Murphy, vice
president, Sperry Drilling Services. “With the
Sperry IntelliServ solution, this limitation is eliminated while also
enabling a new range of logging-while-drilling services. Its deployment
is also an important element of Halliburton’s
strategy to help our customers realize the goal of a Digital Asset, a
real-time collaborative environment in which they can model, measure and
optimize asset performance.”
Halliburton and IntelliServ Inc. have entered into an agreement to
globally market and deploy their respective technologies to joint
customers.
Grant Prideco (www.grantprideco.com),
headquartered in Houston, Texas, is the world leader in drill stem
technology development and drill pipe manufacturing, sales and service;
a global leader in drill bit technology, manufacturing, sales and
service; and a leading provider of high-performance engineered
connections and premium tubular products and services.
Halliburton, founded in 1919, is one of the world’s
largest providers of products and services to the petroleum and energy
industries. The company serves its customers with a broad range of
products and services through its Energy Services Group and KBR. Visit
the company’s Web site at www.halliburton.com.
