Halliburton announced on 23 December 2024 the acquisition of Optime Subsea AS.

Optime Subsea invents and supplies technologies and services within subsea intervention, well completion, and well control. Optime Subsea’s offerings simplify complex subsea operations, enhance operational efficiency and reduce risks.

Alpha Corporate Finance has acted as financial advisor to Halliburton.

Halliburton, one of the largest global energy service providers, operates in 80+ countries with 45,000+ employees. Halliburton anticipates that the transaction will advance their subsea oil and gas value chain and is part of their strategy to maximize asset value for their customers through modular, scalable, and universal solutions.

The transaction is anticipated to close in early 2025, subject to regulatory approval and other customary closing conditions.