Halliburton Awared $200 Million Contract To Provide Completion Technology And Services
Halliburton (NYSE: HAL) has been awarded a contract as provider of completion products and services to a group of energy companies for operations throughout Malaysia for a term of five years. The group includes PETRONAS Carigali, Exxon, Shell and Newfield. Valued at (USD) $200 million, the contract has the potential to extend beyond the five-year term.
“We believe this award is a clear indication of the customers’ confidence in Halliburton’s ability to consistently deliver the highest quality of completion products and services available to the Malaysian oil and gas industry,” said Roy Jordan, vice president, Halliburton’s Southeast Asia Region. “We have served key operators in Malaysia for many years as they have expanded their exploration and development activities.”
This project will be aided by the addition of Halliburton’s new manufacturing facility, which is under construction in Malaysia. This facility will benefit customers by providing increased flexibility; and the country of Malaysia will benefit from increased capital investment and job creation as Halliburton meets the demands of growth in Malaysia through this contract and others for the total Asia Pacific Region.
Founded in 1919, Halliburton is one of the world’s largest providers of products and services to the energy industry. With nearly 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 World Wide Web site at www.halliburton.com.
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