ADCO Awards Halliburton $70 Million in Cementing Contracts

The Abu Dhabi Company for Onshore Oil Production (ADCO) has awarded Halliburton contracts valued at more than $70 million for cementing services, stimulation services and special tools. Under the three-year agreement, Halliburton will provide optimum solutions to ongoing ADCO exploration and production activities located in the onshore fields of Abu Dhabi, United Arab Emirates.

J. Kent Wells, general manager, ADCO, said, "ADCO looks forward to working proactively with Halliburton, utilizing its technology, equipment and experience to further enhance the overall performance of our operations."

Key Halliburton technologies to be used during the execution of the contract include: the ElastiCem(TM) non-foamed elastic slurry cement system, and the WellLifeŽ service, advanced technology for long-term zonal isolation.

"This multi-year contract reaffirms Halliburton's leadership in the provision of cementing and associated services in this very important Middle East marketplace," said Marc Edwards, regional vice president, Halliburton Energy Services Group. "We are pleased with this award and we look forward to leveraging the operational and technical expertise of our company in order to bring ever-increasing value to ADCO and its parent company, Abu Dhabi National Oil Company (ADNOC)."

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