Halliburton & NSI Technologies Sign Software Agreement

Halliburton's Fluid Systems Division and NSI Technologies have signed an exclusive agreement to adapt NSI's fully 3D hydraulic fracture model, E STIM PLAN, for use in cuttings and drilling waste injection modeling.

"We are excited about working with Halliburton, especially since the world's largest pressure pumping company has chosen to participate in this growing field of cuttings and drilling waste injection," said Mike Smith, president of NSI Technologies Inc. "NSI's expertise in hydraulic fracture modeling and Halliburton's global capabilities and expertise will allow Halliburton to offer one of the most complete cuttings injection services in the industry."

Gary Moore, senior vice president, Halliburton's Fluid Systems Division, said: "With this new technology, our ability to more accurately model and predict cuttings injection operations will enable us to assist operators with meeting their needs for environmental compliance through subsurface injection of drilling waste."

The new product will be delivered to Halliburton in the third quarter of 2005 and complements NSI's fully 3D Finite Element Fracture Model, STIMPLAN, for which Halliburton has a corporate license. NSI will provide ongoing technical support and training, as needed.