Halliburton wins three-year Abu Dhabi oil deal

06 May 2008
Dubai-based Halliburton has won an oil field service contract aimed at increasing the overall performance of onshore oil and gas wells in Abu Dhabi emirate.

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.

A MEED Subscription...

Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.

Get Notifications