Pemex awards recovery contract to Halliburton

Mexico's PEMEX has awarded Halliburton Company a roughly $33.6-million contract to improve recovery rates for offshore oil wells, officials said.

Offshore staff

HOUSTON -- Mexico's PEMEX has awarded Halliburton a roughly $33.6-million contract to improve recovery rates for offshore oil wells, officials said.

Halliburton began working on the 790-day contract on Nov. 24, 2008.

"We view this as follow-through on Halliburton's strategy of building strong NOC (national oil company) relationships and shifting overseas," according to a bulletin from Pritchard Capital Partners.

12/01/2008

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