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HALLIBURTON AWARDED LETTER OF INTENT FOR SAND CONTROL EQUIPMENT AND SERVICES CONTRACT BY ENTERPRISE OIL IN BRAZIL
DALLAS, Texas - Halliburton Energy Services announced today that Enterprise Oil do Brasil Ltda and its partners, Petrobras and Odebrecht, have issued a letter advising their intention to award Halliburton a contract for the provision of sand control equipment and services for the deepwater development of the Bijupirá and Salema fields, offshore Brazil. The development project will be the first to be operated by an International Oil Company in the Campos Basin, and is scheduled to start mid 2001. Halliburton Energy Services is a business unit of Halliburton Company (NYSE: HAL).
"Having established a position as the number one deepwater completions provider in the Gulf of Mexico and West Africa," said Jody Powers, president, Halliburton Energy Services, "this contract allows Halliburton to expand upon an already extensive Brazilian deepwater experience base through the application of our leading-edge technologies to develop these reservoirs."
The contract, valued at approximately $9.1 million (U.S.), is one of the most technically important contracts to be placed by Enterprise, and is contingent on the execution of a mutually acceptable contract and sanction/approval of the Development Plan by ANP, the Brazilian National Oil Agency.
"This award is further evidence of Halliburton's commitment to the ongoing development of deepwater prospects in Brazil," said Halliburton's Roberto Muñoz, division vice president - Brazil. "By using our growing in-country infrastructure and resources, developed in anticipation of these significant opportunities, Halliburton will continue to provide the full range of services necessary for deepwater exploration, development and production."
The Bijupirá and Salema development plan calls for a total of 15 wells to be drilled, with nine production wells and six water injectors. Per Enterprise Oil, award of the tender was a result of Halliburton proposing the best sand face completion option for the development of the fields. The two fields are located adjacent to one another in the Campos Basin, some 90km from Cabo de São Tomé, in water depths ranging from 480 to 880 meters.
Halliburton Energy Services provides products, services, and integrated solutions for oil and gas exploration, development, and production. Capabilities range from initial evaluation of producing formations to drilling, completion, production enhancement, and well maintenance – for a single well or an entire field. With more than 300 service centers in more than 90 countries, Halliburton possesses the global perspective that is increasingly important for energy exploration and production.
Halliburton Company, founded in 1919, is the world's largest provider of products and services to the petroleum and energy industries. The company serves its customers with a broad range of products and services through its Energy Services Group and Engineering and Construction Group business segments.
Contact
Wendy Hagan
wendy.hagan@halliburton.com
Halliburton Company
Public Relations
Americas
(p) 713.676.5619
Monica Freitas
monica.freitas@halliburton.com
Halliburton Company
Public Relations
Brazil
(p) 55.21.3974.0190
Wendy Hall
wendy.hall@halliburton.com
Halliburton Company
Public Relations
Global
(p) 713.676.5227
Employment Contact
jobs@halliburton.com
(p) 800.888.7668
ext. 8005
Supplier/Procurement Contact
Dave Ireland
dave.ireland@halliburton.com
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