Benzinga | Apr 7, 2021 07:14AM EDT

Halliburton And Optime Subsea Form Global Alliance To Jointly Commercialize And Deploy Innovative And Efficient Subsea Interventions And Controls

Companies will jointly commercialize and deploy innovative and efficient subsea interventions and controls

Halliburton Company (NYSE:HAL) and Optime Subsea today announced they formed a global strategic alliance to apply Optime's innovative Remotely Operated Controls System (ROCS) to Halliburton's completion landing string services. The companies will also collaborate and offer intervention and workover control system services leveraging Optime's Subsea Controls and Intervention Light System (SCILS) technology, a remote digital enabled system that compliments Halliburton's subsea intervention expertise.