HALLIBURTON AWARDED Integrated TurnKey
Drilling contract for
Five-year project, with an option for an additional five years, to
drill and complete oil wells utilizing the turnkey concept
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
“This award builds on the success we delivered on the Khurais mega-project, reflecting our leading technologies and solid performance,” added
Halliburton has performed thousands of service operations for Saudi Aramco, delivering solutions for the state-owned oil company of the
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