Halliburton secures major offshore drilling contract with Petrobras, no terms

Halliburton (HAL) announced a contract award from Petrobras (PBR) for integrated drilling services across several offshore fields in Brazil, the result of a competitive process. The contract scope includes drilling services for development and exploration wells over a three-year period. In this contract, Halliburton will provide iCruise intelligent rotary steerable system (RSS) to reduce well time and place wells accurately, and LOGIXTM automation and remote operations platform to improve well construction consistency and performance. ..”This contract demonstrates Halliburton’s strength in deep and ultra-deep offshore drilling and well construction,” said Waldomiro Mendes, vice president, Brazil, Halliburton.The contract, expected to begin in 2025, represents Halliburton’s largest service contract with Petrobras. This significantly expands Halliburton’s drilling services footprint in the pre-salt and post-salt areas for both development and