HOUSTON--(BUSINESS WIRE)--Jul. 15, 2009--
Halliburton has been awarded a two-year contract extension by
StatoilHydro to provide fluids systems for multiple fields, currently
including cementing services for 20 rigs and drilling and completion
fluids for 16 rigs on the Norwegian continental shelf. The contract
extension, estimated by Halliburton to be valued at approximately US$450
million, is the second two-year option exercised by StatoilHydro. This
contract encompasses solutions offerings across both of Halliburton's
business segments, Completion and Production, and Drilling and
Evaluation.
“We are extremely pleased to be awarded this contract extension,” said
Jorunn Saetre, Halliburton vice president, Scandinavia. “Through our
continuing and close collaboration with StatoilHydro, we look forward to
providing our integrated fluids services and working together to improve
drilling and well performance.”
The duration of the initial contract, awarded in 2006, was two years,
with additional extension options of three two-year periods. The
contract was among the largest cementing and drilling and completion
fluid contracts awarded at the time. Halliburton will provide drilling
fluids, drilling waste management, cementing services, completions
fluids and pumping services under this contract extension.
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 50,000
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
Senior Manager, Public Relations
Diana Gabriel,
+1-713-759-2608
diana.gabriel@halliburton.com
