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HALLIBURTON AWARDED $140 MILLION CONTRACT BY SAUDI ARAMCO
DALLAS, Texas - Halliburton's (NYSE: HAL) Energy Services Group, through its Halliburton Energy Services and Landmark Graphics business units, announced today that it has been awarded a contract to provide services for the Saudi Arabian Oil Company's (Saudi Aramco) Qatif Field development project in the eastern province of Saudi Arabia. The initial scope of the three-year project to drill producing oil and water wells will include using a wide range of technologies, such as drilling optimization software and extended-reach drilling and the installation of several multilateral systems.
"Halliburton is pleased and excited to partner with Saudi Aramco to develop the Qatif field. The project will require a close working relationship between the two companies and will require cross-functional cooperation in applying appropriate technology with first class execution in a safe and timely manner," said Edgar Ortiz, president and chief executive officer, Halliburton's Energy Services Group.
The exclusive contract with Saudi Aramco will include Halliburton Energy Services' full complement of well construction, reservoir evaluation, and completion services, as well as Landmark Graphics’ geophysical, geological, and drilling software.
Attention to health, safety, and environmental (HSE) issues is paramount in any Halliburton project. To reduce the total number of drilling locations and to minimize environmental impact, multiple wells will be directionally drilled from a single drilling pad. Extended-reach drilling techniques, utilizing Halliburton's SlickBore™ matched drilling system, and the company's multilateral technologies will be used by Saudi Aramco thereby exposing a greater amount of the reservoir. To minimize the amount of personnel traffic to and from the wellsite, Halliburton's INSITE™ rig information and RESolution 3D™ systems will be used to transmit real-time data from the rig into the operator's office.
Halliburton's Energy Services Group delivers real-time systems, technologies, and services to the upstream oil and gas industry. The depth and breadth of the Energy Services Group's integrated products, services, and solutions allows its customers to more efficiently, find, develop, and produce oil and gas reservoirs.
Halliburton, 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 Hall
wendy.hall@halliburton.com
Halliburton
Public Relations
(p) 713.676.5227
Wendy Hagan
wendy.hagan@halliburton.com
Halliburton
Public Relations
(p) 713.676.5619
Employment Contact
jobs@halliburton.com
(p) 800.888.7668
ext. 8005
Supplier/Procurement Contact
Dave Ireland
dave.ireland@halliburton.com
Supplier Diversity Contact
Linda Holloway
linda.holloway@halliburton.com
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