Halliburton secures major drilling contract from Kuwait Oil Company

Halliburton secures major drilling contract from Kuwait Oil Company

US energy service provider Halliburton has secured an integrated offshore drilling services contract from Kuwait Oil Company (KOC) for six high-pressure high-temperature (HPHT) exploration wells utilising two jackup rigs in the Arabian Gulf.

The company will provide and manage drilling, fluids, wireline and perforating, well testing, coring, cementing, coiled tubing, and all offshore logistical services. Additionally, Halliburton will provide the offshore rigs and supply vessels for the project.

The contract includes a three-year term with a six-month extension option. Work will start in mid-2020. The expected start date for the first rig is July 2020 and the second rig is January 2021.

“We are grateful for the opportunity to collaborate with KOC and implement our integrated services and innovative technologies to accelerate offshore development, reduce drilling and completions costs and increase recovery,” said Halliburton Eastern Hemisphere president Joe Rainey.

Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.

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