Halliburton Company · NYSE:HAL

Halliburton — Technical Presentation (2016)

24 slides from Halliburton's technical presentation, Oct 19, 2016

  1. Slide 1: NeoCem Cement: Lower Density, Higher Performance

    NeoCem™ Cement Lower Density, Higher Performance Title Date © 2016 Halliburton. All rights reserved.

  2. Slide 2: Cementing – History of Innovation

    Cementing – History of Innovation 1919 1922 1923 1930 1932 1938 1940 1947 1953 First cementing job The two-plug Re-circulating Chemical First Cementing Bulk handling First truly X-ray diffraction transforms oil and gas system patented jet mixer research lab RedBook shallow-water of cement offshore w

  3. Slide 3: Cementing PSL Value Proposition

    Cementing PSL Value Proposition Design and Deliver Dependable Barriers Tailored to Minimize Risk and Maximize Production. © 2016 Halliburton. All rights reserved. 3

  4. Slide 4: Operator Challenges – South Central Oklahoma Oil Province (SCOOP)

    Operator Challenges – South Central Oklahoma Oil Province (SCOOP) CHALLENGES  Operator was challenged with achieving consistent results for the intermediate casing string  Weak formation(s) caused significant losses during drilling and through cement job  Achieving designed top of cement proved i

  5. Slide 5: Designing the Solution

    Designing the Solution SOLUTIONS  Meeting customer requirements  Lower density iCem® Service  Equivalent or better 3D Modeling mechanical properties  From historical modeling, it was determined that conventional cement blends could not solve existing problem  New technology was applied which co

  6. Slide 6: Case Study Results – Oklahoma

    Case Study Results – Oklahoma RESULTS  Reduced hydrostatic load on the formation and cemented past the loss zone  Full returns were observed throughout job  Good bond log indicated top of cement and shoe joint integrity was achieved  100% success rate with Formation Integrity Testing (FIT) on 6

  7. Slide 7: NeoCem Cement – Low Portland, High Performance

    NeoCem™ Cement – Low Portland, High Performance  Compatible with existing portfolio of additives, spacers, and cements  Density range: 9.5-16 lb/gal  Temperature range from 100⁰F to 230⁰F (38⁰C-110⁰C) © 2016 Halliburton. All rights reserved. 7

  8. Slide 8: Technical Underpinnings of NeoCem Cement

    Technical Underpinnings of NeoCem™ Cement © 2016 Halliburton. All rights reserved. 8

  9. Slide 9: Solution – Physicochemical Synergistic Innovation

    Solution – Physicochemical Synergistic Innovation © 2016 Halliburton. All rights reserved. 9

  10. Slide 10: Solution – Physicochemical Synergistic Innovation

    Solution – Physicochemical Synergistic Innovation  NeoCem™ Cement  Enhanced Sheath Performance  Chemistry  Economical  Physics  Preserve Operational  Innovation Efficiency © 2016 Halliburton. All rights reserved. 10

  11. Slide 11: What is NeoCem Cement?

    What is NeoCem™ Cement?  Density, Morphology, Surface Reactivity, Compositional Chemistry © 2016 Halliburton. All rights reserved. 11

  12. Slide 12: Challenges and Needs

    Challenges and Needs Well Condition Challenges Performance Challenges  Narrow Pressure Margins  Enhanced Barrier Properties for Well Integrity  Repetitive Loading / Cumulative Stresses  Operationally Efficient and Economical Conventional Conventional Undesirable Undesirable Solutions Solutions R

  13. Slide 13: Unique Mechanical Properties

    NeoCem™ Cement – Unique Mechanical Properties NeoCem™ Compressive Strength Slurry (13.0 ppg) Conventional Slurry (14.2 ppg) Case Study Compressive Strength Young’s Modulus 30% Improvement Ductility © 2016 Halliburton. All rights reserved. 13

  14. Slide 14: Young's Modulus & Compressive Strength

    NeoCem™ Cement – Young’s Modulus & Compressive Strength Low-Portland Alternative Performance Comparison to Conventional Cement 14.2 ppg – Conventional 14.2 ppg – Conventional 13.0 ppg – NeoCem™ Cement 13.0 ppg – NeoCem™ Cement 1.2 3,500 1.0 3,000 Compressive Strength (psi) Young’s Modulus (Mpsi) 2,5

  15. Slide 15: Young's Modulus & Compressive Strength

    NeoCem™ Cement – Young’s Modulus & Compressive Strength Low-Portland Alternative Performance Comparison to Conventional Cement  Increased Ductility 14.2 ppg – Conventional 13.0 ppg – NeoCem™ Cement (Increased Elastic Strain Limit) 4,000  Decreased Permeability 3,500  Maintain Job Design CS/YM Rat

  16. Slide 16: Permeability Test

    NeoCem™ Cement – Permeability Test Low-Portland Alternative Performance Comparison to Conventional Cement 14.2 ppg – Conventional 13.0 ppg – NeoCem™ Cement 1.2 1.0 Microdarcy (µd) 0.8 0.6 0.4 0.2 0.0 Permeability Test Comparison © 2016 Halliburton. All rights reserved. 16

  17. Slide 17: Tensile Strength

    NeoCem™ Cement – Tensile Strength Low-Portland Alternative Performance Comparison to Conventional Cement 14.2 ppg – Conventional 13.0 ppg – Conventional 13.0 ppg – NeoCem™ Cement 13.0 ppg – NeoCem™ Cement 400 400 350 350 Tensile Strength (psi) Tensile Strength (psi) 300 300 250 250 200 200 150 150 1

  18. Slide 18: Tensile Strength

    NeoCem™ Cement – Tensile Strength Low-Portland Alternative Performance Comparison to Conventional Cement 14.2 ppg – Conventional 13.0 ppg – NeoCem™ Cement 350 300 Tensile Strength (psi) 250 200 No Statistical Difference 150 100 50 0 Dog Bone Test Method Comparison © 2016 Halliburton. All rights rese

  19. Slide 19: Poisson's Ratio

    NeoCem™ Cement – Poisson’s Ratio Low-Portland Alternative Performance Comparison to Conventional Cement 14.2 ppg – Conventional 13.0 ppg – NeoCem™ Cement 0.25 0.20 Poisson’s Ratio (-) NeoCem™ Cement: 0.15 Higher Poisson’s Ratio indicates higher elasticity than that of 0.10 conventional cement. 0.05

  20. Slide 20: Cohesion

    NeoCem™ Cement – Cohesion Low-Portland Alternative Performance Comparison to Conventional Cement 14.2 ppg – Conventional 13.0 ppg – NeoCem™ Cement 1,600 1,400 NeoCem™ Cement: 1,200 8% improvement in cohesion as compared to Cohesion (psi) 1,000 conventional cement. 800 600 Desirable for enhanced perf

  21. Slide 21: Friction Angle

    NeoCem™ Cement – Friction Angle Low-Portland Alternative Performance Comparison to Conventional Cement 14.2 ppg – Conventional 13.0 ppg – NeoCem™ Cement 5.0 4.5 NeoCem™ Cement: 4.0 79% improvement in friction Friction Angle (⁰) 3.5 angle as compared to 3.0 conventional cement. 2.5 2.0 Desirable for

  22. Slide 22: NeoCem Cement – Improved Annular Sheath Performance

    NeoCem™ Cement – Improved Annular Sheath Performance Low-Portland Alternative Performance Comparison to Conventional Cement 100 Curing 90 Pressure Test 80 Completion Production 70 Frac-Killing 60 50 40 30 20 10 0 Conventional Cement 14.2 ppg NeoCemTM Cement 13.0 ppg © 2016 Halliburton. All rights re

  23. Slide 23: In Summary – NeoCem Cement

    In Summary – NeoCem™ Cement 1. Safely placing cement NeoCem™ Cement offers lower ECD’s 2. Creating an effective annular barrier NeoCem™ Cement offers improved Mechanical Properties 3. Making it last Case study in MidCon improved WellLife® Service Analysis percent remaining capacity © 2016 Halliburto

  24. Slide 24: © 2016 Halliburton. All rights reserved.

    © 2016 Halliburton. All rights reserved. 24

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