In its Q4 2024 financial report, Halliburton not only showcased its impressive financial performance but also highlighted a series of groundbreaking technological advancements aimed at transforming the oil and gas industry. As one of the world’s leading service providers, Halliburton continues to innovate, ensuring its solutions deliver efficiency, cost savings, and long-term asset performance. Here’s a closer look at how Halliburton is leveraging cutting-edge technology to drive growth and create value for its customers.

1. Intelli Diagnostic Well Intervention Services: Streamlining Well Operations

Halliburton introduced its Intelli family of diagnostic wireline logging services, a next-generation solution designed to enhance well insights and improve production. Key features include:

Enhanced Production: These services provide detailed well diagnostics, helping operators optimize production and extend asset life.
Cost and Time Savings: Data acquisition is streamlined into a single run, significantly reducing operational time and costs.
Flexibility: The Intelli family can be used as a standalone service or integrated with other tools for comprehensive well intervention.

Backed by Halliburton’s global geoscience and production teams, this innovation addresses complex well intervention needs while driving operational efficiency.

2. iCruise® Force: Redefining Drilling Precision

The iCruise® Force intelligent rotary steerable system is a high-performance drilling solution designed to tackle complex formations and optimize wellbore placement. This system represents a leap forward in drilling technology with features like:

Expanded Capabilities: The system, powered by high-performance mud motors, enables deeper and more efficient drilling in challenging formations.
Improved Efficiency: When paired with Halliburton’s LOGIX™ automation and remote operations platform, it delivers faster penetration rates and reduces drilling costs.
Enhanced Precision: The tool ensures precise wellbore placement, maximizing asset value for operators.

This cutting-edge system demonstrates Halliburton’s commitment to delivering innovative tools that enhance operational performance while lowering costs.

3. SandTrap® XL: Tackling Sand Production Challenges

Sand production is a persistent challenge in oil and gas operations, and Halliburton’s SandTrap® XL offers a revolutionary solution. This system stands out for its:

Low-Viscosity Resin: The system uses an externally activated resin to consolidate sand across extended intervals without restrictions on pump or cure time.
Enhanced Consolidation Strength: It preserves the rock’s original permeability while providing robust sand control.
Broader Applications: SandTrap XL enables operators to address sand control challenges more effectively, particularly in large intervals.

This innovation addresses a critical industry pain point, offering a versatile and cost-effective solution for managing sand production.

4. Technology Deployment in Namibia: Supporting Growth in Emerging Markets

Halliburton’s expansion into Namibia highlights the company’s efforts to support emerging oil and gas markets with advanced technologies. New facilities in Windhoek, Walvis Bay, Swakopmund, and Lüderitz will offer:

Oilfield automation and remote operations.
Geosteering technology for optimal well placement.
Measurement While Drilling (MWD) and well testing.

By investing in local infrastructure and technology, Halliburton aims to enhance operational efficiency in Namibia’s growing energy sector.

5. Halliburton Labs: Fostering Innovation Through Collaboration

Halliburton continues to support energy innovation through its Halliburton Labs initiative. In Q4 2024, five innovative companies—360 Energy, Cella, Espiku, Mitico, and NuCube—joined its collaborative ecosystem. These startups will benefit from Halliburton’s expertise and business network as they work to commercialize transformative technologies.

This initiative underscores Halliburton’s commitment to fostering a culture of innovation and supporting the development of technologies that advance the energy sector.

A Vision for the Future

Halliburton’s investments in technology are more than just product innovations—they represent a strategic approach to meet the evolving needs of the oil and gas industry. From diagnostic tools and drilling systems to sand control innovations and support for emerging markets, Halliburton is driving efficiency, reducing costs, and delivering value for its customers.

As Halliburton’s CEO Jeff Miller emphasized, the company is positioned to thrive in the second half of this decade by focusing on its core growth engines: drilling technology, unconventional solutions, well intervention, and artificial lift. With a strong balance sheet and a portfolio of advanced technologies, Halliburton is well-equipped to lead the energy sector into a new era.