7th Annual Energy Conference
David Adams
VP Operations Technology, North America
Overview - Australia
▌ Huge Reserves
▌ High Well Costs
▌ Minimal Infrastructure
▌ Community Perceptions
© 2014 HALLIBURTON. ALL RIGHTS RESERVED.
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$100MM
$100MM
 Higher capital intensity of Australian wells necessitates an accelerated
learning curve
 Collaboration and partnership between operators and service providers is
required to mitigate risk and drive accelerated learning curve
© 2014 HALLIBURTON. ALL RIGHTS RESERVED.
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Accelerate the Learning Curve - Execution
“RED COMPLETION”
 16 wells (4 well pads)
 Simultaneous
Operations
PERFORMANCE
 72 stages in 18 days
 1200 fewer truck
movements
 40% time reduction
 32% cost reduction
© 2014 HALLIBURTON. ALL RIGHTS RESERVED.
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Accelerate the Learning Curve - Subsurface
Learn from other plays
Proven workflow
Optimize spend on
productive zones
Avoid cost on low
productivity zones
RESERVOIR
CHARACTERIZATION
© 2014 HALLIBURTON. ALL RIGHTS RESERVED.
COMPLEX FRAC MODEL/
COMPLETION DESIGN
WELL PLANNING
AND PLACEMENT
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PRODUCTION MATCHING/
OPTIMIZE MODEL
Accelerate the Learning Curve – Social License
▌ Streamlining Regulatory Requirements
▌ Educate the Public on the benefits to
the economy and the future of Australia
 ERIC
 http://www.energyresourceinformat
ioncentre.org.au/about-us/
© 2014 HALLIBURTON. ALL RIGHTS RESERVED.
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Outlook and Summary
▌ Vast Resource Potential
▌ Structural Challenges
▌ Accelerating the Learning
Curve
© 2014 HALLIBURTON. ALL RIGHTS RESERVED.
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