Hydro contracts coiled tubing services

    Aug. 11, 2006
    Hydro contracted Halliburton AS to deliver equipment and services for carrying out coiled tubing operations on the Norwegian continental shelf. The framework agreement is valid for all Hydro-operated offshore installations.

    Offshore staff

    OSLO, Norway -- Hydro contracted Halliburton AS to deliver equipment and services for carrying out coiled tubing operations on the Norwegian continental shelf. The framework agreement is valid for all Hydro-operated offshore installations.

    The value of the contract is estimated at NOK 150 million over a three-year period, with the opportunity to extend the contract for up to six years, divided into three two-year periods. The contract begins Sept. 1, 2006.

    The service includes delivery of standard coiled tubing operations, stimulation, pumping, and nitrogen operations.

    Halliburton will establish a base for coiled tubing services in Bergen with support from Stavanger and Aberdeen in Scotland.

    8/11/06

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