Shell awards Halliburton contract for integrated drilling services in Gulf of Mexico

Shell Exploration & Production Co. has awarded Halliburton's Energy Services Group a two-year contract with the option for an additional year, to provide 40% of Shell's integrated drilling services for their Gulf of Mexico activities. The value of the contract is estimated at $24 million for the fixed two-year duration and includes the provision of directional drilling, measurement-while-drilling (MWD), and logging-while-drilling (LWD).
May 3, 2005

Offshore staff

Shell Exploration & Production Co. has awarded Halliburton's Energy Services Group a two-year contract with the option for an additional year, to provide 40% of Shell's integrated drilling services for their Gulf of Mexico activities. The value of the contract is estimated at $24 million for the fixed two-year duration and includes the provision of directional drilling, measurement-while-drilling (MWD), and logging-while-drilling (LWD).

"Halliburton is very pleased to have been awarded this significant contract, which expands our important relationship with Shell," said Tim Probert, senior vice president, Halliburton's Drilling and Formation Division. "We have invested people, time, and money to stay at the forefront of technology development and ensure a sustainable future, aimed at meeting the current and future needs of our customers."

The provision of the complete suite of drilling and formation evaluation services will provide synergies for Halliburton as service provider and for Shell in the planning, drilling, and evaluation of the wells.

05/03/05

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