Company Profiles – Halliburton Company
The Halliburton Company is a large multinational incorporated in the United States with headquarters in both Houston, Texas and in Dubai. It provides a range of services to companies involved in the exploration and production of oil and natural gas. The organization has numerous subsidiaries which employ in the region of 50,000 people in over 70 countries all over the world.
In recent years, Halliburton has won many industry awards for equipment and systems design and innovation. This has included awards for the development of software for process/procedure simulation and for to facilitate decision making.
Halliburton operations are divided into two sectors; one covering drilling and evaluation phases of exploration operations, and the other involving facility establishment and production. These two divisions comprise thirteen product service line departments and another for consulting and project management. Each of these departments operates as separate business units, accountable for business strategy and process, technology and people development.
Halliburton provides a service that follows the development of a reservoir throughout its entire life cycle, from exploration to post production optimization. They supply equipment for the location of oil and other hydrocarbon reserves, evaluate drilling and geological data, and manage well construction and completion. Once the well is fully productive, they provide a consulting service for optimizing production.
In the area of exploration, the company’s provision of services includes:
- Fluid services
- Formation evaluation
- Reservoir testing and analysis
- Reservoir and fracture monitoring
- Wireline and perforating
On completion of the exploration, Halliburton offers the following services to consolidate the well:
- Artificial lifting
- Well completion
- Process and pipeline services
The company has a robust consulting and project management capability. Their project managers can be deployed to assist in every phase of well development, from setting up drilling rigs for exploration to the establishment of full production facilities. Post production, personnel are qualified to provide solutions to overcome problems or enhance production.
Deepwater Horizon Oil Disaster
In April 2010, the Deepwater Horizon rig, leased by BP and located off the Louisiana coast in the Gulf of Mexico, exploded. This accident killed eleven workers and injured another seven. It caused the largest oil spill in history.
Halliburton was implicated in this accident. They had sealed off the well with a concrete core for later use. Natural gas blasted through the core, traveling up to the platform where it ignited. The rig capsized and sank over 24 hours later, which ruptured the riser. This allowed oil to discharge into the sea.
The disaster had a huge effect on the region, affecting fishing and many other industries. A moratorium on offshore drilling imposed by the Obama administration led to the temporary unemployment of many thousands of people.
In June 2010, the U.S. Department of Justice initiated a formal civil and criminal investigation into this accident. They sued BP as well as the owners of the oil well. Halliburton did not escape sanction. In July 2013, they agreed to pay a $200,000 penalty for criminal charges relating to the destruction of evidence relating to the oil spill by its workers.
Other Notable Accidents
- November 2014. A worker was killed and two others seriously injured when a high-pressure water line ruptured at an oil well in Weld County, Colorado. The workers were Halliburton employees and were attempting to thaw the line when it ruptured.
- July 2001. Two employees of a Halliburton well servicing crew were killed, and two others were critically injured in an accident at a natural gas well in East Texas.