The three-year order, placed by Abu Dhabi Company for Onshore Oil Operations (Adco), covers a range of completion equipment including subsurface safety valves and flow controls.
The contract win follows a similar $70m deal with Adco signed in 2006 aimed at boosting the company’s oil and gas performance (MEED 15:9:06).
Adco operates five major fields in the emirate - Asab, Bu Hasa, Bab, Shah and Sahil - with a total production capacity of about 1.4 million barrels-a-day (b/d), which the company wants to lift to 1.8 million b/d (MEED 8:6:07).
In Saudi Arabia last month, Halliburton was formally awarded a three-year contract for the drilling of 93 wells on the 900,000 b/d Manifa heavy oil field (MEED 21:4:08).
Halliburton, which in 2007 relocated its headquarters to Dubai, won the offshore deal while the US’ Schlumberger clinched the larger onshore portion of the field (MEED 7:3:08).
The three-year contract calls for the provision of directional drilling, logging and perforating, coiled tubing and stimulation services involving the utilisation of 10 jack-up rigs.
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