other material
confidence high
sentiment positive
materiality 0.65
Deep Isolation enters Halliburton MSA to build deep borehole test well at Cameron, TX
Deep Isolation Nuclear, Inc.
- Parties: Deep Isolation US LLC (wholly owned sub of Deep Isolation Nuclear) and Halliburton Energy Services.
- Purpose: construction of full-scale-at-depth demonstration test well at Halliburton's Cameron, TX site to validate Universal Canister System and deep borehole drilling solution.
- Expected duration: ~3 years for construction, preparation, and initial demonstration; MSA terminable on 30 days notice.
- No radioactive material allowed at Halliburton site; Company assumes all nuclear regulatory compliance and indemnifies Halliburton for nuclear incidents and environmental liabilities.
- Halliburton's aggregate liability capped at $5M; Company indemnifies Halliburton for most losses including nuclear and environmental.