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.
Source: Bloomberg
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