ENERGY services giant Halliburton has secured contracts worth some $640million with Petrobras and StatoilHydro.
The Petrobras deal is worth $190million and covers provision of drilling fluid, completion fluid and drilling waste management services, while the Norwegian contract covers cementing services and well completion fluids.
The Brazilian contract is strategically important to Halliburton as it includes service delivery covering the new pre-salt play of the Espirto Santo Basin. The five-year agreement is expected to kick-off in the current quarter.
“We are excited to have been awarded this contract and we look forward to delivering engineered fluid solutions that are customised to maximise wellbore value for Petrobras,” said Jeff Miller, vice-president of Halliburton subsidiary Baroid.
“Our Brazilian operations will be a key component in the further development of our Latin America franchise.”
In Norway, the agreement currently includes cementing services for 20 rigs and drilling and completion fluids for 16 rigs, and is worth about $450million.
This is the second two-year option extending these services that has been exercised by StatoilHydro and encompasses solutions offerings across both of Halliburton’s business segments – completion and production, plus drilling and evaluation.
When awarded in 2006, the original deal was among the largest cementing and drilling and completion fluid contracts awarded at the time. Halliburton will provide drilling fluids, drilling waste management, cementing services, completions fluids and pumping services under this latest contract extension. There is a further two-year option yet to be exercised.
And a third piece of Halliburton news – the company has secured a major contract with Pemex to drill 170 wells onshore Mexico at Chicontepec after the Mexican national oil company voided its tender for the project in May.