Baker Hughes, Halliburton get IOR prize for Troll

Offshore Staff

STAVANGER, Norway -- The Norwegian Petroleum Directorate (NPD) has awarded its IOR (Improved Oil Recovery) prize for 2006 to Baker Hughes and Halliburton, for their innovative development and use of advanced drilling and well solutions on the Hydro-operated field Troll Oil in the North Sea.

The development and use of new technology for the drilling of long horizontal wells with several producing branches has formed the foundation for Troll Oil becoming one of the biggest oil fields on the Norwegian continental shelf. The cooperation between Baker Hughes and Halliburton, with Hydro as operator, has driven the development since the mid-1980s.

"It is very gratifying to see that our good suppliers Baker Hughes and Halliburton have been awarded the Norwegian Petroleum Directorate's IOR prize - and it is very well deserved. Our strong collaboration with these two suppliers has formed the basis for significant value creation on the Troll field," says Ivar Brandvold, head of Drilling in Hydro's Operations sector.

The IOR prize is the Norwegian Petroleum Directorate's acknowledgement of production licenses, companies, projects, or individuals who have contributed to increased value creation on the Norwegian continental shelf, through innovative actions and plans linked to improved oil recovery.

The technology now also is used on other fields, thereby creating spin-off value far beyond the Troll field. The IOR prize 2006 was awarded to Baker Hughes and Halliburton by the Director General of the NPD, Gunnar Berge, at the 3rd Norwegian Technology Conference 2007 in Stavanger on Tuesday.

01/23/2007