Halliburton, Core Laboratories announce strategic collaboration in U.S.

Halliburton (HAL) and Core Laboratories (CLB) 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 integration of 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. “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.”