September 07, 2008

Halliburton wins key ADCO contract

Trade Arabia News Service reported that Halliburton has been awarded a 3 year contract by Abu Dhabi Company for Onshore Oil Operation to provide a range of completion equipment for onshore oil and gas wells. The contract includes the provision of production packers, subsurface safety valves and subsurface flow controls.

Mr Gasser Badrashini VP of Halliburton’s Middle East region said that "This award is significant both in terms of value and volume. As a major supplier of downhole completion equipment in the UAE, Halliburton will continue its ongoing support of ADCO’s strategy to boost oil and gas production by providing a range of technically superior, cost effective completion solutions."

A key differentiator in the selection of Halliburton is its 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 SP and NE subsurface valves, both of which are recognized as industry standards and have been run with zero failures in previous ADCO operations.

Mr Ahmed Lotfy Halliburton’s Eastern Hemisphere president said that "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 international operations."