Halliburton Wins Petrobras Contract

Halliburton Energy Services has been awarded a contract by Petrobras for a well stimulation vessel to provide sand control, fracturing, acidizing and pumping services and products for its Campos Basin development offshore Brazil. The contract is for two years with an option for a two additional years.

"We are very pleased with the confidence that Petrobras has shown through this award in Halliburton's ability to deliver appropriate technologies and service quality that results in the highest value," said David King, Halliburton's Production Optimization leader.

Halliburton has been providing well services to operators in Brazil for over 45 years and has had a strong presence in the discovery and development of several important fields, including the Campos Basin that now accounts for approximately 80 percent of Brazil's oil production. Halliburton was the first well service company in the Campos Basin region to achieve ISO 14001 and OHSA 18001 health, safety and environment accreditation certifications for all product service lines provided through its Macae facility.

Roberto Munoz, Halliburton's Latin America South region leader, said, "Through this contract, Petrobras will have access to a single source supplier for sand control and stimulation solutions that includes engineering, high quality stimulation equipment, fluids and completion equipment."

Halliburton will deploy a 274-feet, world-class stimulation vessel with 17,500 hydraulic horsepower designed to meet the demands of the Brazilian market. This vessel will be equipped with the latest technology including level two dynamic positioning and will be able to deliver unsurpassed well productivity solutions.

According to Saul Plavnik, strategic marketing leader for Latin America South, "Most of the oil produced in this area comes from very unconsolidated sand that needs sophisticated sand control and stimulation methods. We will apply technologies that add real value like SeaQuest service, a new seawater-based fluid system that incorporates the latest environmental advances. We will also apply PoroFlex expandable screens and N-Flow AO service which can really help improve production from horizontal sand control completions. In addition, we will use our patented SurgiFrac process which enables Petrobras to effectively stimulate horizontal wellbores."