Halliburton Company · NYSE:HAL

Halliburton — Technical Presentation (2014)

25 slides from Halliburton's technical presentation, 2014

1. Slide 1: Tubing-Retrievable Safety Valves

   Tubing-Retrievable Safety Valves Unsurpassed Reliability for Conventional Shelf, HPHT and Deepwater Applications

2. Slide 2: Agenda

   Agenda ▌ NE™ Tubing-Retrievable Safety Valve ▌ SP™ Tubing-Retrievable Safety Valve ▌ DepthStar® Tubing-Retrievable Safety Valve ▌ High Performance Piston Seals © 2014 HALLIBURTON. ALL RIGHTS RESERVED. 2

3. Slide 3: NE Tubing-Retrievable Safety Valves

   NE™ Tubing-Retrievable Safety Valves

4. Slide 4: NE TRSV - Benefits of Design

   NE™ TRSV - Benefits of Design ▌ 100% MTM well containment ▌ No construction seals in the communication system ▌ Highest hydraulic piston actuator pressure rating in the industry ▌ Most reliable, field-proven piston actuator in the industry ▌ MTM body connections ▌ Enhanced debris isolation © 2014 HA

5. Slide 5: General Production - NE TRSV

   General Production - NE™ TRSV Enhanced Debris Isolation and Protection Open Position ▌Flapper isolated from wellbore by MTM seating of flow tube ▌Inverted flow tube prevents debris from accumulating on its upper end Closed Position © 2014 HALLIBURTON. ALL RIGHTS RESERVED. 5

6. Slide 6: Uses the Field-Proven SP TRSV Actuator

   Uses the Field-Proven SP™ TRSV Actuator SP TRSV Actuator ▌ Single rod piston ▌ Non-elastomer seals ▌ Solid top sub construction provides for highest ▌ Hydraulic control chamber rating in the industry © 2014 HALLIBURTON. ALL RIGHTS RESERVED. 6

7. Slide 7: Permanent Lock Open and Communication System

   Permanent Lock Open and Communication System No leak paths in secondary communication system ▌ Separate lockout and communication capability ▌ Combined mechanical (slickline) and hydraulic operation ▌ Secondary wireline-retrievable safety valve capability © 2014 HALLIBURTON. ALL RIGHTS RESERVED. 7

8. Slide 8: SP Tubing-Retrievable Safety Valves

   SP™ Tubing-Retrievable Safety Valves

9. Slide 9: SP Tubing-Retrievable Safety Valve

   SP™ Tubing-Retrievable Safety Valve Control Line Piston Flow Tube Flapper & Seat A Rod B Closure Mechanism B A Flapper Torsion Spring & Hinge Pin (View B-B) Piston Communication Shear Plug in Top Sub (View A-A) © 2014 HALLIBURTON. ALL RIGHTS RESERVED. 9

10. Slide 10: SP Tubing-Retrievable Safety Valve

    SP™ Tubing-Retrievable Safety Valve Lockout Sleeve Nipple Profile With Profile Exercise Profile Power/Closing Spring Upper Polished Bore Lower Polished Bore © 2014 HALLIBURTON. ALL RIGHTS RESERVED. 10

11. Slide 11: Enhanced Debris Isolation

    Enhanced Debris Isolation Isolation of Upper End ▌ Wiper seal isolates the top Wiper Seal ▌ Flow holes ensure continuous flushing during flowing conditions Clean Out Holes ▌ MTM seal on piston isolates the hydraulic system MTM Piston Downstop Seal © 2014 HALLIBURTON. ALL RIGHTS RESERVED. 11

12. Slide 12: Enhanced Debris Isolation

    Enhanced Debris Isolation Isolation of Upper End ▌ MTM Downstop Seat ▌ Complete Isolation of the Closure Mechanism ▌ Eliminates Flow From Entering the Operator of the Valve ▌ Full Protection During Flowing Conditions © 2014 HALLIBURTON. ALL RIGHTS RESERVED. 12

13. Slide 13: Dedicated Exercise Profile

    Dedicated Exercise Profile ▌ Standard feature within all SP™ TRSVs ▌ Allows flow tube to be manipulated upwards or downwards via slickline ▌ Helps prevent TRSV permanent lock open © 2014 HALLIBURTON. ALL RIGHTS RESERVED. 13

14. Slide 14: DepthStar Tubing-Retrievable Safety Valve

    ® DepthStar Tubing-Retrievable Safety Valve

15. Slide 15: Challenges

    Challenges ▌ Limited system operating pressure ▌ Depth limitations ▌ High-pressure deepwater wells ▌ Expensive dedicated subsea umbilical for SSSV ▌ Reliability concerns © 2014 HALLIBURTON. ALL RIGHTS RESERVED. 15

16. Slide 16: DepthStar TRSV

    DepthStar® TRSV Tubing Pressure Pressure Housings Magnetic Coupler Isolated Piston ▌ Magnetic coupler straddles the housing where the couplers are suspended magnetically ▌ Primary magnet cylinder outside the main TRSV body hydraulically actuated by the operating piston ▌ Secondary magnet cylinder mo

17. Slide 17: Magnetic Coupler

    Magnetic Coupler High HighForce Force Low LowForce Force © 2014 HALLIBURTON. ALL RIGHTS RESERVED. 17

18. Slide 18: Tests Performed to Evaluate Magnetic Coupler

    Tests Performed to Evaluate Magnetic Coupler ▌ Electric Coils ▌ DPU ▌ Perforator Detonator ▌ Reservoir Monitor Tool Elite ▌ Collar Locator ▌ Firing Head ▌ Thermal Multi-decay Logging ▌ Hostile Gamma Neutron Tool Tool ▌ TEC Line ▌ Memory Gauge ▌ Fiber Optics Cable ▌ Metal Shavings 15 separate tests

19. Slide 19: DepthStar vs. SP Component View

    DepthStar® vs. SP™ Component View © 2014 HALLIBURTON. ALL RIGHTS RESERVED. 19

20. Slide 20: DepthStar TRSV – A Complete Solution

    DepthStar® TRSV – A Complete Solution ▌Actuator removed from wellbore  Proven SP™ Actuator ▌Enhanced reliability  No moving seals and 100% MTM within wellbore ▌Low operating pressure  Operates independent of depth and wellbore pressure Winner of the Woelfel Best Mechanical Engineering Achievement

21. Slide 21: High-Performance Piston Seals

    High-Performance Piston Seals

22. Slide 22: High-Performance Piston Seal

    High-Performance Piston Seal ▌ Multi-ring non-elastomer piston seal stack qualification program  50 psi to 25,000 psi gas  -4°C (25°F) to 232°C (450°F) temperature  Zero bubble performance – static and dynamic seals, and MTM seal independently verified gas tight for every valve manufactured © 201

23. Slide 23: Piston Seal Qualification Test Summary

    Piston Seal Qualification Test Summary Cold Temperature Test Test Temperature Nitrogen No. of Cycles Results No. Pressure 1 25°F (-4°C) 50 psi 90 Zero bubbles / no hyd fluid leaks 2 25°F (-4°C) 5000 psi 90 Zero bubbles / no hyd fluid leaks 3 25°F (-4°C) 25,000 psi 90 Zero bubbles / no hyd fluid leak

24. Slide 24: Piston Seal Qualification Test Summary

    Piston Seal Qualification Test Summary Hot Temperature Test Test Temperature Nitrogen No. of Cycles Results No. Pressure 1 450°F 50 psi 90 Zero bubbles / no hyd (232°C) fluid leaks 2 450°F 5000 psi 90 Zero bubbles / no hyd (232°C) fluid leaks 3 450°F 25,000 psi 90 Zero bubbles / no hyd (232°C) fluid

25. Slide 25: Thank You

    Thank You Andrew Kelbie Global Technical Advisor [email protected] Phone: 972-418-2886 (US) Cell: 214-796-8390 (US) © 2014 HALLIBURTON. ALL RIGHTS RESERVED. 25

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