Scandoil  

Halliburton awarded mature field contracts from Petroamazonas


Published Oct 10, 2014
Halliburton-2

Halliburton has signed long-term contracts with Petroamazonas, Ecuador's state-run oil company, to provide field development and project management, as well as drilling and completions services, across nine mature fields, including the Palo Azul, Lago Agrio and Victor Hugo Ruales fields.

The contracts terms are 15 years plus a potential five-year extension. Halliburton plans to invest approximately $1 billion during the first five years to enhance oil recovery from existing wells and discover new hydrocarbon reserves.

'The development and deployment of Halliburton's technology to improve production from previously produced reservoirs will immediately assist Petroamazonas' objective to maximize the value of these mature assets,' said Jim Brown, president of Halliburton's Western Hemisphere.

Tags: Halliburton




Advertisment:

Add a Comment to this Article

Please be civil. Job and promotion will not be added into the comment page.

(Use Markdown for formatting.)

This question helps prevent spam:

+ Larger Font | + Smaller Font
Top Stories

 

 

 

 


 


RSS

RSS
Newsletter
Newsletter
Mobile News
Mobile news

Computer
Our news on
your website


Facebook
Facebook
Twitter
Twitter

Contact
Contact
Tips
Do you have any
tips to us
Stats

 

sitemap xml