Halliburton Awarded $140 Million Contract By Saudi Aramco

[Daily News] Halliburton -- through its Halliburton Energy Services and Landmark Graphics business units -- has been awarded a contract to provide services for the Saudi Arabian Oil Company's Qatif field development project in the eastern province of Saudi Arabia.
The initial scope of the three-year project to drill producing oil and water wells will include using a wide range of technologies, such as drilling optimization software and extended-reach drilling and the installation of several multilateral systems.

"Halliburton is pleased and excited to partner with Saudi Aramco to develop the Qatif field," Edgar Ortiz, president and chief executive officer of Halliburton's Energy Services Group, said in a prepared release. "The project will require a close working relationship between the two companies and will require cross-functional cooperation in applying appropriate technology with first class execution in a safe and timely manner."

The exclusive contract with Saudi Aramco will include Halliburton Energy Services' full complement of well construction, reservoir evaluation, and completion services, as well as Landmark Graphics' geophysical, geological, and drilling software.

To reduce the total number of drilling locations and to minimize environmental impact, multiple wells will be directionally drilled from a single drilling pad. Extended-reach drilling techniques -- using Halliburton's SlickBore matched drilling system -- and the company's multilateral technologies will expose a greater amount of the reservoir, Halliburton said.

To minimize the amount of personnel traffic to and from the wellsite, Halliburton's INSITE rig information and RESolution 3D systems will be used to transmit real-time data from the rig into the operator's office.
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