Halliburton enters alliance for subsea well-capping solutions
- Business & Finance
Halliburton, Oil Spill Response Ltd (OSRL), and Trendsetter Engineering have signed a Memorandum of Understanding (MoU) for integrated subsea well-capping response solutions.
With the MOU, the companies will create a strategic alliance for oil and gas exploration and production companies globally, covering integrated solutions for preparedness and response associated with subsea well control activities, Oil Spill Response said in a statement on Tuesday.
The new agreement further enhances the policies and procedures previously established through the Global Industry Response Group (GIRG), and adopted by the Subsea Well Response Project (SWRP) consortium, by establishing an integrated, best-practice approach to managing subsea-well control incidents around the world.
Commenting on the announcement, OSRL’s Subsea Well Intervention Service Director, Matt Clements, said: “This memorandum enables OSRL to better serve the evolving needs of our members and potential members, and establishes a comprehensive end-to-end best-practice solution for preparedness and response to a subsea well control incident, which includes access to operational and deployment support.”
Under the terms of the agreement, OSRL said it will retain responsibility for providing access, via membership, to an industry owned global capping and containment capability. OSRL added it will also continue to be responsible for ensuring that equipment related to the Subsea Well Intervention Service (SWIS) is properly maintained and response ready, as well as the mobilization of relevant equipment, including the physical handover of equipment to SWIS members.
It will also continue to provide members with access to a full range of preparedness services including logistics planning, training and exercise delivery, including more traditional oil spill preparedness services.
Trendsetter, a specialist in subsea solutions, and Halliburton’s Boots and Coots well control division, a provider of services in well control planning and response sector, will provide access to trained and rapidly deployable response personnel and subject matter experts to support SWIS members at both strategic and tactical levels, in addition to supporting preparedness activities in a range of areas including source control, well control, relief well planning, and engineering through OSRL.