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Halliburton (HAL) Finishes Offshore Wireline Project for INA
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Halliburton (HAL - Free Report) , a leading global provider of integrated oilfield services, has provided offshore wireline services for the Croatian INA Group in the Adriatic Sea. The company’s wireline team has received recognition for its successful logging operations on four wells, including 17 combined runs, without any health, safety, or environmental incidents and zero Non-Productive Time.
With more than 272 hours of operational time, HAL secured all personnel and equipment onsite, met the customer’s timeline for the project, and completed the project successfully. This made it possible for INA to assess well results and make timely operational decisions. The team also developed an integrated measurement and analysis workflow that was instrumental in identifying substantial production potential and new hydrocarbon zones in offshore Croatia.
Innovative Solutions and Advanced Technologies
Halliburton's team offered creative solutions and aided INA's subsurface team in formation testing and integrated petrophysical interpretation. They employed cutting-edge technology, including the Xtended-range water-based mud imager, for thin layer characterization. This helps in determining sandstone layers and net-pay counts. The team also acquired density and neutron porosity in advanced vertical resolution for shaly sand analysis, and adjusting the porosity and gas saturation of sandstone layers.
Real-Time Fluid Density and Resistivity Measurement
Halliburton's team utilized the reservoir description tool to measure real-time fluid density, capacitance and resistivity during pump-out. It also verified the productivity of the gas zones. By leveraging Halliburton's magnetic resonance technology, the team was able to distinguish between moveable and bound hydrocarbons. This capability is particularly valuable in oilfield operations, as it enhances the accuracy of reservoir characterization and optimizes production.
Successful Outcome
Halliburton's innovative solutions and operational excellence were key to the successful completion of this project in a complex environment. The team’s expertise in wireline services, formation testing and petrophysical interpretation enabled Croatian INA Group to identify new hydrocarbon zones and evaluate well results in real-time. This information will determine INA's future investments in the Adriatic Sea. The use of advanced technologies and integrated workflows helped identify new hydrocarbon zones.
Halliburton is a global oilfield service provider, with more than 80 country operations. It offers equipment, maintenance, engineering and construction services to the energy, industrial and government sectors, and has two main segments — Completion and Production, and Drilling and Evaluation.
Zacks Rank and Key Picks
Currently, Halliburton carries a Zacks Rank #3 (Hold). Investors interested in the energy sector might look at some better-ranked stocks like NGL Energy Partners (NGL - Free Report) , currently sporting a Zacks Rank #1 (Strong Buy), and Energy Transfer (ET - Free Report) and Helix Energy Solutions Group (HLX - Free Report) , each holding a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
NGL is worth $451.75 million. Its shares have gained 48.8% in the past year.
NGL is a limited partnership company that operates a vertically-integrated propane business with three segments — retail propane, wholesale supply and marketing, and midstream.
Energy Transfer is valued at $38.99 billion. It delivered an average earnings surprise of 11.43% for the last four quarters and its current dividend yield is 9.48%.
ET currently has a forward P/E ratio of 9.17. In comparison, its industry has an average forward P/E of 9.40, which means that the company is trading at a discount to the group.
Helix Energy is valued at $1.20 billion. In the past year, its stock has gained 63.3%.
HLX currently has a forward P/E ratio of 12.02. In comparison, its industry has an average forward P/E of 12.50, which means that the company is trading at a discount to the group.
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Halliburton (HAL) Finishes Offshore Wireline Project for INA
Halliburton (HAL - Free Report) , a leading global provider of integrated oilfield services, has provided offshore wireline services for the Croatian INA Group in the Adriatic Sea. The company’s wireline team has received recognition for its successful logging operations on four wells, including 17 combined runs, without any health, safety, or environmental incidents and zero Non-Productive Time.
With more than 272 hours of operational time, HAL secured all personnel and equipment onsite, met the customer’s timeline for the project, and completed the project successfully. This made it possible for INA to assess well results and make timely operational decisions. The team also developed an integrated measurement and analysis workflow that was instrumental in identifying substantial production potential and new hydrocarbon zones in offshore Croatia.
Innovative Solutions and Advanced Technologies
Halliburton's team offered creative solutions and aided INA's subsurface team in formation testing and integrated petrophysical interpretation. They employed cutting-edge technology, including the Xtended-range water-based mud imager, for thin layer characterization. This helps in determining sandstone layers and net-pay counts. The team also acquired density and neutron porosity in advanced vertical resolution for shaly sand analysis, and adjusting the porosity and gas saturation of sandstone layers.
Real-Time Fluid Density and Resistivity Measurement
Halliburton's team utilized the reservoir description tool to measure real-time fluid density, capacitance and resistivity during pump-out. It also verified the productivity of the gas zones. By leveraging Halliburton's magnetic resonance technology, the team was able to distinguish between moveable and bound hydrocarbons. This capability is particularly valuable in oilfield operations, as it enhances the accuracy of reservoir characterization and optimizes production.
Successful Outcome
Halliburton's innovative solutions and operational excellence were key to the successful completion of this project in a complex environment. The team’s expertise in wireline services, formation testing and petrophysical interpretation enabled Croatian INA Group to identify new hydrocarbon zones and evaluate well results in real-time. This information will determine INA's future investments in the Adriatic Sea. The use of advanced technologies and integrated workflows helped identify new hydrocarbon zones.
Halliburton is a global oilfield service provider, with more than 80 country operations. It offers equipment, maintenance, engineering and construction services to the energy, industrial and government sectors, and has two main segments — Completion and Production, and Drilling and Evaluation.
Zacks Rank and Key Picks
Currently, Halliburton carries a Zacks Rank #3 (Hold). Investors interested in the energy sector might look at some better-ranked stocks like NGL Energy Partners (NGL - Free Report) , currently sporting a Zacks Rank #1 (Strong Buy), and Energy Transfer (ET - Free Report) and Helix Energy Solutions Group (HLX - Free Report) , each holding a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
NGL is worth $451.75 million. Its shares have gained 48.8% in the past year.
NGL is a limited partnership company that operates a vertically-integrated propane business with three segments — retail propane, wholesale supply and marketing, and midstream.
Energy Transfer is valued at $38.99 billion. It delivered an average earnings surprise of 11.43% for the last four quarters and its current dividend yield is 9.48%.
ET currently has a forward P/E ratio of 9.17. In comparison, its industry has an average forward P/E of 9.40, which means that the company is trading at a discount to the group.
Helix Energy is valued at $1.20 billion. In the past year, its stock has gained 63.3%.
HLX currently has a forward P/E ratio of 12.02. In comparison, its industry has an average forward P/E of 12.50, which means that the company is trading at a discount to the group.