Statoil and Halliburton Ink Cooperation Deal to Develop New Technology

Statoil and Halliburton have entered an agreement to develop new technology. The deal covers several drilling and well technology projects.

"Collaborating on the development of new technology is very important if Statoil is to achieve its ambitions of improved oil and gas recovery," says Sjur B Talstad, senior vice president for subsurface technology in Statoil.

The agreement includes research, development, qualification and implementation of technology in fluid systems, drilling, reservoir evaluation, completion and production. The development of software in the reservoir disciplines also forms part of the agreement.

"Systematic cooperation with our suppliers enhances the development of new technology and provides greater opportunities to use it in drilling and well operations, both in Norway and internationally," says Mr. Talstad.