Halliburton Awarded Multiple Statoil Contracts For North Sea Drilling
Halliburton (NYSE:HAL) has been awarded several contracts by Statoil (NYSE:STO) to provide services for two high-pressure and high-temperature drills off the shore of Norway's coast in the North Sea.
Halliburton estimates the value of these multiyear deals has the potential to exceed $200 million.
Under the contracts, Halliburton will provide directional drilling, logging-while-drilling, cementing, drilling fluids, and completion equipment and related services at the Gudrun and Brynhild fields.
Drilling is scheduled to begin in the third quarter of 2011.
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