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Halliburton Receives $190 Million Contract From Petrobras To Provide Fluid Services

Published: 21-Jul-2009

By: Staff Writer Staff Writer Staff Writer

Halliburton Company (Halliburton) has received a $190 million contract from Petroleo Brasileiro S.A (Petrobras) to provide drilling fluid, completion fluid and drilling waste management services in the offshore markets of Brazil. The award includes service delivery in the shelf, deepwater and pre-salt areas of the Campos, Santos, and Espírito Santo basins. Halliburton expects to begin performing services related to this five-year agreement in the third quarter of 2009.

We are excited to have been awarded this contract and we look forward to delivering engineered fluid solutions that are customized to maximize wellbore value for Petrobras, said Jeff Miller, vice president of Baroid, a Halliburton product service line. Our Brazilian operations will be a key component in the further development of our Latin America franchise.

Halliburton is a provider of services and products to customers in the energy industry.

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