
Halliburton will provide its iCruise intelligent rotary steerable system (RSS) to reduce well time and place wells accurately. (Source: Shutterstock)
Halliburton Co. has been awarded a three-year contract from Petrobras, Brazil’s state-controlled oil company, for integrated drilling services across several offshore fields in Brazil, Halliburton said Jan. 30.
The contract, expected to begin in 2025, represents Halliburton’s largest service contract with Petrobras. Halliburton said the contract expands its drilling services footprint in the presalt and post-salt areas for both development and exploration wells.
Halliburton will provide its iCruise intelligent rotary steerable system (RSS) to reduce well time and place wells accurately and its LOGIX automation and remote operations platform to improve well construction consistency and performance, Haliburton said.
The company said it will also provide its ultra-deep resistivity service, EarthStar, to position production boreholes and map reservoirs, among other exclusive technologies.
"This contract demonstrates Halliburton’s strength in deep and ultra-deep offshore drilling and well construction," said Halliburton’s Waldomiro Mendes, senior area manager, Brazil.
Recommended Reading
Analysts: How Trump's Tariffs Might Affect Commodity, Energy Sectors
2025-02-03 - Trump's move has sparked volatility in the commodities market. Oil prices rose, with WTI up 2.4% at $74.27 a barrel and Brent crude futures adding 1% to $76.40 a barrel.
Oil Prices Rise in Thin Pre-Holiday Trade
2024-12-24 - Supply and demand changes in December have been supportive of oil price's current less-bearish view so far, analysts say.
Oil Prices Ease as US Tariffs On Mexico Paused for a Month
2025-02-03 - WTI crude futures were down $0.04, or 0.01%, at $72.49 after climbing as much as 3.7% earlier in the session to reach their highest since Jan. 24 at $75.18.
What's Affecting Oil Prices This Week? (Feb. 10, 2025)
2025-02-10 - President Trump calls for members of OPEC+ and U.S. shale producers to supply more oil to push down oil prices to the neighborhood of $45/bbl.
What's Affecting Oil Prices This Week? (Dec. 16, 2024)
2024-12-16 - For the upcoming week, Stratas Advisors expect oil prices will move sideways with more downside risk than upside potential.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.