E2 GOVERNANCE | SOCIAL | ENVIRONMENTAL Sustainable Energy Innovations

Halliburton 2020 Annual & Sustainability Report 70 We launched Halliburton Labs in 2020 as an innovation space to accelerate the development of clean energy technologies and initiatives.

Located at the Company’s Houston headquarters, Halliburton Labs provides access to our facilities, expertise and business network for early-stage companies to commercialize and scale their technology. Halliburton Labs is working with academic institutions and venture capital firms to identify companies that have progressed beyond the proof-of-concept stage in their focus on advancing clean energy. Companies accepted to the program will work with advisors on bringing their products to market and securing additional funding to build their business.

The Advisory Board of Halliburton Labs includes: The first participating company in Halliburton Labs, NanoTech • Reginald DesRoches, Rice University’s Inc., is a material science company focused on solving insulation Provost and Professor of Civil & Environmental and fireproofing challenges across multiple industries. NanoTech Engineering, and Mechanical Engineering successfully completed a USD 5 million seed round in 4Q 2020, led by Ecliptic Capital of Austin, Texas. • John Grotzinger, the Fletcher Jones Professor of Geology at the California Institute of Technology, and Chair of the university’s Division of Geological Internal Capabilities and Planetary Sciences Halliburton is committed to providing the world • Walter Isaacson, the Leonard Lauder Professor with access to affordable and reliable energy of American History and Values at Tulane while successfully transitioning to a lower-carbon University in New Orleans, Louisiana future. We are leveraging our world-class technical expertise, resources and versatile capabilities These board members will help guide Halliburton to assist in developing new capabilities and Labs’ vision, strategy and evaluation of applicants. technologies as the world continues to transition to a sustainable energy future. Our capability in the energy transition space includes applying our expertise in renewable and low-carbon services – such as geothermal energy, wind energy and hydrogen storage – and in carbon capture, utilization and storage (CCUS). Our Value Creation Technologies and Solutions / Continuous Improvement Carbon Capture, Utilization and Storage Sustainability Commitments:

Lead the industry in innovation and conscientious stewardship CCUS technology involves the removal of CO2 from of global resources. emission sources for storage in secure underground Provide solutions that support decarbonizing our customers’ reservoirs or for industrial use. Halliburton has legacy production base.

Halliburton 2020 Annual & Sustainability Report 71 extensive knowledge and technology developed for oil and gas storage that create opportunities for the Company to contribute to carbon transport and storage projects. Our unique capabilities include geological storage site selection and development, well repurposing, construction and monitoring, as well as pipeline and subsea construction and maintenance experience. Halliburton provides our advanced technologies and tools to assist CCUS project developers and research projects, such as Scotland’s Net Zero Roadmap project, which has a goal of achieving net zero carbon emissions by 2045. We are actively engaged in CCUS projects around the world, including in the U.S., Japan, Australia and Europe. Our Artificial Lift well surveillance and monitoring service Halliburton is also working with a major operator eliminates the need for manual intervention to the electric submersible pump (ESP) system, allowing for remote changes to to test and develop safety valve tools and cement be made without the necessity of sending field service personnel systems to facilitate a major CCUS project in the to the field, consequently saving on emissions related to their North Sea. transportation. Baroid PSL Our Baroid PSL deploys several innovative technologies that focus on the recovery of valuable fluids from drilling wastes, thus leading the industry in sustainability while minimizing environmental impacts. These recovery technologies help reduce costs, increase performance and overcome logistical challenges while reducing emissions. Our separation solution technologies, such as our ® BaraH2O services, separate and minimize drilling fluid wastes at the rigsite, thus reducing waste volumes by 95 percent while eliminating significant emissions from transportation. Other technologies, such as BaraG-Force™ and BaraPhase™ systems, recover base fluids from drilling wastes for reuse, Our Cementing PSL progressed toward autonomous rig which significantly reduces volumes sent to operations with a successful cement job placed without on-site landfills. Baroid is also commercializing the award- human involvement. For a major operator in Norway, a cement technician was seated in the customer’s office onshore while winning BaraOmni™ technology, which is expected the cement unit on an offshore platform flawlessly executed a to lead the industry in processing fluids and cement job. The technician simply started the job, and the control solids generated from drilling activity, while also system on the unit automatically functioned the required valve maximizing recovery and energy efficiency, and sequencing, based on key feedback parameters, to deliver the minimizing transportation and disposal volumes. job as planned without human intervention. This is a major step toward the vision of fully autonomous offshore execution, which will remove the need for personnel to be on site. Congratulations to Dale Jamison, Halliburton distinguished engineer, for receiving the 2020 World Oil Innovative Thinker Award! This award honors an individual who has demonstrated thought leadership in the upstream oil and gas sector.

Halliburton 2020 Annual & Sustainability Report 72 GOVERNANCE | SOCIAL | ENVIRONMENTAL By following its “3R” strategy (Reduce, Reuse, Geothermal Energy Repurpose) to create more sustainable For decades, Halliburton has been an active manufacturing processes, Halliburton Baroid full-service leader in geothermal technology and lowered its purchases of new base oil by over processes, and has significant global geothermal 17,000 barrels, which helped reduce inventory by project experience. Our products and services over 34,000 barrels. Baroid also reduced its new address every aspect of developing a geothermal purchases of barite by 3,262 tons, which resulted energy production facility: project management, in substantial annual cost savings and avoided drilling, cementing, fluids, logging, completions, emissions. stimulation and geofluids transfer. Our advanced technology and experience are being used by customers to develop complete Geothermal Energy: Indonesia is one of the most geothermal solutions around the world, including

volcanically active regions in the Pacific Rim of in Indonesia and the Philippines, Australia and Fire, and has 40 percent of the world’s geothermal New Zealand, the U.S. and Canada, Latin America, resources. Halliburton has worked with one of the and across Europe and Africa. leaders in this market for more than 15 years to provide drilling and cementing services to develop this clean, renewable energy source. Halliburton has enabled this global energy company to complete wells faster, more cost effectively, and with an unparalleled safety record. We developed new high-temperature cementing formulations and new directional drilling techniques that allow more wells to produce from a single pad – thus minimizing environmental impact. These innovations also increase the geothermal site’s generating capacity, significantly lowering construction costs and reducing the cost per kilowatt hour of electricity generated.

Halliburton 2020 Annual & Sustainability Report 73 2020 technology Sustainability Matrix

Additional portfolio items can be seen on Halliburton.com.

Increases ability to reuse and/or recycle all Duration of job / numberPotential of peoplefor safety on Emissionsincidents site to air / fugitiveFossil fuel emissions use / GHGElectricity used Volume of waterVolume used or of produced hazardous orSpace harmful / footprint requiredNuisance: noise / odorsSpills /or visual leaks intrusionCoating requirementsVolume of non-hazardousVolume wasteof hazardous producedTransportation waste produced impacts Uses renewable energyUses sources electricity insteadHas ofa longerfossil fuel life spanContains / higher recycled durability materialor part of the productImproves at end well of lifeintegrityEnables better positioningImproves reservoirof wellsWorks understanding in mature fields Products materials / chemicals used

ARTIFICIAL LIFT Reduction or Elimination Improvement

Well Surveillance and Monitoring Service

DRILL BITS & SERVICES

Cerebro Force™

Juggernaut, Premium cutter

XR Prime™, Reamer

SPERRY DRILLING

RoxC® 3.0

DrillingXpert™ 2.4

MaxReceiver™

MaxReport

MaxSurvey®

LOGIX™

EarthStar® 3D

HalVue

WIRELINE & PERFORATING

eWinchTM

ClearCuTTM

TESTING & SUBSEA

DynaTrac™ Real-Time Depth Correlation System

CEMENTING

WellLife® 5.0

Autonomous Cementing Operations

iCem® 6.0

IsoGuard/IsoBond/NeoBond

Reverse Cementing

SSR-3 Plug Set

Annular Casing Packers

Tuned® Defense™ E-Cement Spacer

VIDA™ 1.2

Asset Light Support Unit

COMPLETION TOOLS

XSTMZ™ System

PetroGuard® Armour Mesh High-Erosion Screen

Halliburton 2020 Annual & Sustainability Report 74