ConocoPhillips awards Halliburton $300 million contract

ConocoPhillips has awarded Halliburton a $300 million contract, John Gibson, president and CEO of Halliburton's Energy Services Group announced at the Offshore Technology Conference in Houston, Texas. Halliburton will provide integrated drilling services over three years for ConocoPhillips' North Sea activities.

ConocoPhillips has awarded Halliburton a $300 million contract, John Gibson, president and CEO of Halliburton's Energy Services Group announced at the Offshore Technology Conference in Houston, Texas. Halliburton will provide integrated drilling services over three years for ConocoPhillips' North Sea activities.

The contract, awarded to Sperry-Sun includes two additional options up to three years each. The contract is one of the first awarded by ConocoPhillips covering all their North Sea operations. The value of the contract is $130 million for the fixed three-year duration and includes the provision of directional drilling, measurement-while-drilling (MWD), logging-while-drilling (LWD), mud logging, and surveying services.

Fundamental to this contract is the Geo-Pilot system, Sperry-Sun's second-generation point-the-bit rotary steerable service that was designed in collaboration with JOGMEC (Japan Oil, Gas, and Metals National Corp.).

"Our goal at Halliburton is to provide the highest level of production for our customers," Gibson said. "We are very excited about Geo-Pilot."

The ability to remotely control the Geo-Pilot rotary steerable system has been demonstrated from the ConocoPhillips onshore drilling center (ODC).

"The beauty of the real-time operations center is our ability to steer the well remotely, so that we can make decisions real-time about where we want to position the well," Gibson said.

Technologies also significant to this contract include the Stellar MWD/LWD formation evaluation suite of sensors, which includes the BAT bi-modal acoustic tool, ALD azimuthal lithodensity sensor, CTN compensated thermal neutron sensor, and GeoTap formation pressure tester. Each of these technologies can provide ConocoPhillips with a complete wireline-quality formation evaluation solution.

05/03/04

More in Company News