Halliburton Lands $683 Million Pemex Drilling Contract

Pemex awarded Halliburton Co. a three-year, U.S. $683 million contract for drilling management and completion of 58 land wells in southern Mexico.

The contract includes on-site staff, wellbore-cementing tools, stimulation equipment, wireline technology, drilling fluids and bits, directional drilling services and completion tools. The wells range in depths from 3,500 to 6,500 meters, as well as conditions, such as complex geologies, HPHT formations and depressurized formations.

"Over the next three years, Halliburton's project Management Group will provide Pemex with integrated drilling and completion solutions that utilize our strength and expertise in technology and infrastructure to help Pemex overcome a range of challenging drilling situations," said Cris Gaut, president of Halliburton's Drilling and Evaluation Division.

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