Five-year project, with an option for an additional five years, to
drill and complete oil wells utilizing the turnkey concept
HOUSTON & DUBAI, United Arab Emirates--(BUSINESS WIRE)--Nov. 6, 2009--
Halliburton (NYSE: HAL) has been awarded the integrated turnkey drilling
contract in South Ghawar. Located approximately 200 kilometers (124
miles) from the city of Dhahran, the Ghawar field is the world’s largest
oil field and the contract would involve work in Uthmaniyah, Haradh,
Hawiyah and Shedgum.
The five-year contract, with an option for an additional five-year
period, calls for the provision of drilling rigs, directional and
horizontal drilling, logging while drilling, cementing, mud engineering,
wireline logging, completion, perforating, and other well construction
activities, including engineering and management of the entire drilling
operations. The project is expected to utilize three to four rigs, and
will involve between 153 and 185 oil production, water injection and
evaluation wells.
This contract is Saudi Aramco’s first-ever award for an integrated
turnkey drilling contract and is an important part of Saudi Aramco’s
plan to explore new avenues of collaboration with major oil field
services providers.
Ahmed Lotfy, Halliburton's Eastern Hemisphere president, said: “Our
selection by Saudi Aramco for yet another project of this magnitude
demonstrates its continued confidence in our ability to successfully
execute complex and challenging operations. This contract award includes
a full range of Halliburton’s integrated technologies and services and
provides a platform for future successes.”
“This award builds on the success we delivered on the Khurais
mega-project, reflecting our leading technologies and solid
performance,” added Gasser Badrashini, Halliburton’s Middle East and
North Africa regional vice president.
Halliburton has performed thousands of service operations for Saudi
Aramco, delivering solutions for the state-owned oil company of the
Kingdom of Saudi Arabia for nearly 70 years. From well construction to
fluid systems and from drilling and formation evaluation to production
optimization, Halliburton has worked in a multitude of different
reservoirs and wells, ranging from basic to complex, with customized
solutions for Saudi Aramco’s Drilling and Workover and other Exploration
and Production departments.
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.
About Saudi Aramco
Owned by the Saudi Arabian Government, Saudi Aramco is a
fully-integrated, global petroleum enterprise, and a world leader in
exploration and producing, refining, distribution, shipping and
marketing. The company manages proven reserves of 260 billion barrels of
oil and manages the fourth-largest gas reserves in the world, 263
trillion cubic feet.
In addition to its headquarters in Dhahran, Saudi Arabia, Saudi Aramco
has affiliates, joint ventures and subsidiary offices in China, Japan,
the Netherlands, the Republic of Korea, Singapore, Malaysia, the United
Arab Emirates, the United Kingdom and the United States. For more
information, go to www.saudiaramco.com.
Source: Halliburton
Halliburton
Cathy Mann, +1-281-871-2605
Director, Corporate
Affairs
cathy.mann@halliburton.com
