HOUSTON--(BUSINESS WIRE)--Mar. 25, 2009--
Halliburton (NYSE: HAL) has been awarded a major contract extension by
Salym Petroleum Development N.V. (SPD) for exploration and production
services in Western Siberia, Russia. Valued at approximately (USD) $100
million, the four-year contract calls for the provision of
directional-drilling, measurement-while-drilling and
logging-while-drilling, along with drilling fluids and cementing
services and continues Halliburton’s proven record of service delivery
in the SPD fields for the last three years. The new wells to be drilled,
with an average true vertical depth of 2,600 meters, include 400
S-shaped wells, plus directional and extended-reach wells.
The SPD oilfields -- located in Khanty-Mansiysk Autonomous Okrug, 120
kilometers southwest of Surgut -- include West Salym, Upper Salym and
the Vadelyp fields.
"SPD’s 'drilling-the-limit' approach challenges us to continuously
improve our performance,” said Iain Dowell, Halliburton’s country vice
president for Russia. “We have established a high benchmark in terms of
well quality and deliverability for its Russian drilling operations.”
Halliburton’s proven capabilities delivered under the initial contract
include:
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Establishing a record drilling time of 5.6 days, when the average
drilling time for S-shaped wells in Western Siberia ranges between 23
and 28 days for wells up to 2,800 meters deep;
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Customizing Halliburton's BOREMAX® II high-performance, water-based
drilling fluid system to reduce treatment cost per foot drilled and
minimize the environmental impact; and
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Delivering zonal isolations for the life of the well through
deployment of dedicated crews and harsh-environment cementing units.
About Halliburton
Founded in 1919, Halliburton is one of the world’s largest providers of
products and services to the energy industry. With more than 55,000
employees in approximately 70 countries, the company serves the upstream
oil and gas industry throughout the life cycle of the reservoir – from
locating hydrocarbons and managing geological data, to drilling and
formation evaluation, well construction and completion, and optimizing
production through the life of the field. Visit the company’s Web site
at www.halliburton.com.
Source: Halliburton
Halliburton
Public Relations
Zelma Branch, +1-713-759-2601
zelma.branch@halliburton.com
