Halliburton wins $270-million contract

Petrobras has awarded Halliburton's completion and production division a four-year contract valued at more than $270 million.

Offshore staff

HOUSTON –Petrobras has awarded Halliburton's completion and production division a four-year contract valued at more than $270 million.

Halliburton will be working jointly with Expro to provide exploration and development testing services in high-pressure/high-temperature (HP/HT) and deepwater environments. The work will be done throughout Brazil and serviced from Halliburton operations in Macaé in southern Brazil and Mossoró in northern Brazil to optimize provision efficiencies.

Under this contract Halliburton is providing all services related to reservoir information for Petrobras' offshore and land-based projects. Testing operations include provision of standard-bore and large-bore drillstem testing tools. Expro is providing ocean-floor packages and surface testing equipment.

"This contract is a continuation of Halliburton's reservoir testing preferred service provider status with Petrobras," says Jerry Wauters, a vice president within Halliburton's completion and production division.

Greg Hoenes, director, western hemisphere, Expro, says, "The strength of the combined effort between Halliburton and Expro is validated by this contract. Our subsea landing strings and safety systems, high-endurance chokes, and expert onsite analysis capabilities combined with Halliburton's integrated approach to reservoir testing and analysis means Petrobras will benefit from properly characterized reservoirs and booking the value of their assets with confidence."

8/13/2007

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