HOUSTON, Texas, and DUBAI, United Arab Emirates - Halliburton announced today that it has been awarded a contract by Abu Dhabi Company for Onshore Oil Operation, ADCO, a subsidiary of Abu Dhabi National Oil Company ADNOC, to provide a range of completion equipment...
HOUSTON, Texas, and DUBAI, United Arab Emirates - Halliburton (NYSE: HAL)
announced today that it has been awarded a contract by Abu Dhabi Company for
Onshore Oil Operation (ADCO), a subsidiary of Abu Dhabi National Oil Company
(ADNOC), to provide a range of completion equipment for onshore oil and gas
wells. The three-year contract includes the provision of production packers,
subsurface safety valves and subsurface flow controls.
"This award is significant both in terms of value and volume," said Gasser
Badrashini, Halliburton's Middle East Region vice president. "As a major
supplier of downhole completion equipment in the UAE, Halliburton will
continue its ongoing support of ADNOC's strategy to boost oil and gas
production by providing a range of technically superior, cost-effective
A key differentiator in the selection of Halliburton was the company's
recognized technical and service support in the region, competing prices and
delivery performance. The award includes several uniquely designed
permanent and retrievable packers, along with Halliburton's highly reliable
SPT and NET subsurface valves, both of which are recognized as industry
standards and have been run with zero failures in previous ADCO operations.
Ahmed Lotfy, Halliburton's Eastern Hemisphere president, added: "Being
selected for this work validates that our completion offerings are
continuing to gain momentum with operators in the Eastern Hemisphere and
underscores the continuing success of our efforts to expand our
Founded in 1919, Halliburton is one of the world's largest providers of
products and services to the energy industry. With more than 50,000
employees in approximately 70 countries, the company serves the upstream oil
and gas industry throughout the life cycle of the reservoir - from locating
hydrocarbons and managing geological data, to drilling and formation
evaluation, well construction and completion, and optimizing production
through the life of the field.