Halliburton Wins $270 Million Petrobras Contract
Halliburton's Completion and Production division has been awarded a four-year contract valued at more than (USD) $270 million by Petrobras Brazil. Halliburton will be working jointly with Expro to provide exploration and development testing services in high pressure, high temperature (HP/HT) and deepwater environments. The work will be done throughout Brazil and serviced from Halliburton operations in Macae in southern Brazil and Mossoro in northern Brazil to optimize provision efficiencies.
Under this contract Halliburton is providing all services related to reservoir information for land-based and offshore Petrobras projects. The testing operations to be performed include provision of standard-bore and large-bore drillstem testing tools. Expro is providing ocean floor packages and surface testing equipment.
"This contract is a continuation of Halliburton's reservoir testing preferred service provider status with Petrobras," said Jerry Wauters, a vice president within Halliburton's Completion and Production division. "Together, Halliburton and Expro have had the opportunity to demonstrate our strong commitment to Petrobras for a number of years while providing our leading testing technology and working with them on exploratory prospects in challenging HP/HT and deepwater offshore environments."
Greg Hoenes, director, Western Hemisphere, Expro, said: "The strength of the combined effort between Halliburton and Expro is validated by this contract. Our subsea landing strings and safety systems, high-endurance chokes, and expert onsite analysis capabilities combined with Halliburton's integrated approach to reservoir testing and analysis means Petrobras will benefit from properly characterized reservoirs and booking the value of their assets with confidence."
- Halliburton Posts International Revenue Growth, Unlike Schlumberger (Oct 23)
- Halliburton CEO Defends Fracking Business as Margins Disappoint (Oct 23)
- Venezuela's IOUs Pile Up, Keeping US Oil Servicers in Tow (Aug 23)
Company: Petrobras more info
Operates 35 Offshore Rigs
Manages 13 Offshore Rigs
- Natural Gas In Petrobras Pipelines Up About 23% In 2017 (Dec 05)
- Petrobras CEO Says To Discuss Refining Partnership With CNPC CEO (Nov 15)
- Ex-SBM Executives Plead Guilty In US To Petrobras Bribe Charges (Nov 09)