Halliburton Wins Brazil Contract
Halliburton Co. reported Wednesday that it has executed an integrated services contract with Petrobras for the Libra pre-salt development in the Santos Basin offshore Brazil.
According to Halliburton, it will provide drilling and completion services under the 2.5-year contract.
“We are pleased to win this work and to collaborate with Petrobras to provide a tailored application of Halliburton technology,” Anouar Fraija, vice president of Halliburton Brazil, said in a company statement. “This contract is a testament to our continuous commitment to safety, superior service quality and helping operators maximize their asset value.”
Petrobras operates the Libra Consortium and holds a 40-percent interest in the endeavor, the company’s website states. Other consortium members include Shell (20 percent), Total (20 percent), CNPC (10 percent) and CNOOC Limited (10 percent). The state-owned firm Pre-Sal Petroleo SA also participates in the consortium by managing the production sharing agreement.
Libra is “one of the largest and most promising oil and gas production projects ever developed by the offshore industry,” Petrobras has also stated. The company noted that Libra boasts some of the world’s most productive reservoirs, with oil columns measuring up to 1,312 feet (400 meters) thick.
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