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HALLIBURTON ENERGY SERVICES WINS $18 MM
STIMULATION PROJECT FOR PEMEX
HOUSTON, Texas (November 23, 1999) - Halliburton de Mexico, S.A. de C.V., a wholly owned subsidiary of Halliburton Energy Services, Inc., has been awarded a contract by PEMEX to provide well stimulation services using its new vessel, mv Cape Hawke, from January 1, 2000 through December 31, 2000. Halliburton Energy Services is a business unit of Halliburton Company (NYSE: HAL).
Under a contract valued at (US) $18 million, the Cape Hawke will provide stimulation (acid and non-acid), frac-acid, nitrogen and pumping services in the Gulf near Campeche, Mexico for PEMEX.
"We have been providing services for PEMEX in the Gulf of Mexico for the last 19 years. We value this association and are fully committed to continuing and enhancing this important relationship," said Edgar Ortiz, president, Halliburton Energy Services. "We are pleased that Halliburton and the Cape Hawke were chosen for this service."
Cape Hawke is a state-of-the-art vessel built to provide services to the acidizing market. Some of its features include below deck storage of bulk additives, primarily acids and xylene; dynamic positioning capability; and 6,750 hydraulic horsepower pumping capability. In addition, Cape Hawke has Automatic Remote Controls of high pressure pumping and fluid blending and proportioning; and it contains the newest hydraulic horsepower equipment available to the market. The vessel also is International Maritime Organization/SOLAS certified. All of these features enable the Cape Hawke to work safely with high swell.
Halliburton Energy Services provides products, services and integrated solutions for oil and gas exploration, development and production. In 1949, HES (then known as Halliburton Oil Well Cementing Company) performed the energy industry's first commercial fracturing job and has been leading the industry ever since.
Halliburton Company is one of the world's largest diversified energy services, engineering, maintenance, construction and energy equipment companies. In 1998, the company's combined revenues totaled $17 billion. Halliburton's web site may be accessed at http://www.halliburton.com.
Contact
Zelma Branch
Halliburton Company
(p) 713.676.7067
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