HOUSTON, Oct. 9, 2023
/PRNewswire/ -- Halliburton Company (NYSE: HAL) and Core
Laboratories Inc. (NYSE: CLB) today announced a strategic
collaboration in the U.S. to compress the delivery time of
cutting-edge comprehensive digital rock data solutions from months
to weeks, even while full petrophysical laboratory measurements are
in progress. This collaboration combines Core Lab's
industry-leading expertise in reservoir description and
optimization technologies with Halliburton's specialization in
pore-scale digital rock analysis.
The collaboration facilitates the seamless integration of
best-in-class digital rock characterization at a nano, micro and
macro level, which will enable U.S. clients to run pore-scale
simulations in parallel with physical laboratory experiments. These
enhancements will drive the accuracy and innovation of new and
existing digital rock characterization workflows.
"Core Lab is excited about this collaboration with Halliburton's
digital rock services", said Alastair
Crombie, Vice President, Reservoir Description, Core
Laboratories. "Leveraging both Halliburton's and Core Lab's
advanced techniques, we can deliver innovative and comprehensive
digital rock characterization solutions that set us apart in the
industry."
"Digital rock simulations empower petrophysicists, engineers,
and geologists to dynamically evaluate reservoir characterization
models while they await the completion of traditional lab
measurements, which often takes months," said Chris Tevis, Vice President, Wireline and
Perforating, Halliburton. "Our collaboration with Core Laboratories
will empower reservoir characterization experts to gain critical
insights into their assets much earlier in the assessment process,
significantly reducing inherent risks and uncertainties."
In 2023, Halliburton joined Core's Carbon Capture and
Sequestration Consortium. This consortium allows technical teams
from member companies to share expertise and datasets related to
digital rock analysis and petrophysical measurements. This allows
the companies to develop innovative workflows that expedite the
analysis timeline for quantifying the potential for
CO2 trapping, a critical need considering the short
permit deadlines set by the Environmental Protection Agency for
domestic carbon storage projects.
ABOUT HALLIBURTON
Halliburton is one of the world's leading providers of
products and services to the energy industry. Founded in 1919, we
create innovative technologies, products, and services that
help our customers maximize their value throughout the life cycle
of an asset and advance a sustainable energy future. Connect with
Halliburton on Facebook, Twitter, LinkedIn, Instagram and
YouTube.
ABOUT CORE LABORATORIES
Core Laboratories Inc. is a leading provider of proprietary
and patented reservoir description and production enhancement
services and products used to optimize reservoir performance.
The Company, founded in 1936, has over 70 offices in more than 50
countries and is located in every major oil-producing province in
the world.
Visit the Company's website at www.corelab.com or connect
with Core Lab on LinkedIn and YouTube.
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SOURCE Core Laboratories Inc