StatoilHydro extends Halliburton drilling fluids contract

Offshore staff

HOUSTON -- StatoilHydro has awarded Halliburton a two-year contract extension to provide fluids systems for multiple fields, including cementing services for 20 rigs and drilling and completion fluids for 16 rigs on the Norwegian continental shelf.

The duration of the initial contract, awarded in 2006, was two years, with three extension options of two years each. Estimated by Halliburton to be valued at approximately $450 million, this is the second two-year option exercised by StatoilHydro.

Under the contract, Halliburton will provide drilling fluids, drilling waste management, cementing services, completions fluids, and pumping services.

07/15/2009