Halliburton Awarded Contract to Develop Manifa Offshore Project
Halliburton has been selected to provide a variety of oilfield services in support of the offshore portion of Saudi Aramco's Manifa mega-project. The Manifa project has a production target of 900 MBCD (thousand barrels of oil per calendar day), making it Saudi Aramco's second largest incremental oil production project.
The three-year contract calls for the provision of directional drilling, logging-while-drilling, cementing, logging and perforating, coiled tubing and stimulation services for 93 wells offshore Northeast Saudi Arabia. The offshore component of this project will utilize 10 jack-up rigs. The Manifa project is a key part of Saudi Aramco's plan to increase its overall production capacity.
Ahmed Lotfy, Halliburton's Eastern Hemisphere president, said: "To be selected by Saudi Aramco for yet another project of this magnitude demonstrates our client's continued confidence in our ability to successfully execute such complex and challenging operations. This contract award validates our commitment to expand customer relations with national oil companies and grow Halliburton's international business."
"Halliburton has worked with Saudi Aramco for nearly 70 years and has maintained an impressive track record of safely and successfully delivering mega-projects," added Gasser Badrashini, vice president of Halliburton's Saudi Arabia and Bahrain operations. "Following on from the success of our work on the Khurais mega-project, which is currently ahead of schedule, the award of the Manifa project reflects our solid performance and leading technologies."
Halliburton has performed thousands of service operations for Saudi Aramco. From well construction to fluid systems and from drilling and formation evaluation to production optimization, Halliburton has worked in a multitude of different reservoirs and wells, ranging from basic to complex, with customized solutions for Saudi Aramco's Drilling and Workover and other Exploration and Production departments.
- 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: Saudi Aramco more info
Operates 44 Offshore Rigs
- Initial Negotiations with Saudi's Aramco to Refine Oil in Egypt - Oil Mnstr (Nov 14)
- RIA: Moscow, Riyadh Agree To Explore Aramco Taking Part In Novatek Project (Nov 13)
- Aramco Expects To Boost Capital Spending By About 10% (Nov 09)