Halliburton Lands $44 Million Pemex Contract

Halliburton Energy Services has been awarded a US $44 million contract by Pemex to supply drill bits and directional drilling, measurement-while-drilling, and logging-while-drilling services for the Cantarell Bloque Sur Field project. This field, the largest in Mexico, is located in the south area of the Bay of Campeche and will be the first in the marine area to utilize state-of-the art technology provided by the Sperry-Sun and Security DBS product service lines.

"We are excited about the opportunity to build upon our relationship with Pemex and participate in the development of the largest offshore oil field in the world," said Manuel Palomo, country vice president for Mexico, Halliburton Energy Services Group. "This contract solidifies our position as a premier provider of state-of-the art technology for Pemex." Several of Halliburton's technologies will be utilized to complete the 55-well (25 complete wells and 30 well deepenings) project, such as Sperry-Sun's triple combo system, which includes the bi-modal acoustic (BAT(tm)) LWD sonic tool, and Security DBS' underreamers, bi-center bits, FM2000® and SE fixed cutter bits, and the X Series(tm) and Energy Balanced(tm) Series roller cone bits. "This award reflects Halliburton's commitment to the Mexico region, as well as our ability to work closely with customers to provide advanced technology tools and improve drilling practices," said Kirk Credeur, country manager for Mexico, Sperry-Sun and Security DBS. With this contract, all of Halliburton's product service lines have now been contracted to provide services and technologies in the Bay of Campeche.