Business | Oil & Gas
Halliburton wins Adnoc unit's deal
Halliburton on Monday, said 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.
- Staff Report
- Published: 00:11 May 6, 2008
Dubai: Halliburton on Monday, said 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 completion solutions."
A key differentiator in the selection of Halliburton was the company's recognised technical and service support in the region, competing prices and delivery performance.
Spreading wings
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 recognised 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 international operations."
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 optimising production through the life of the field.
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