Halliburton Receives $190m Contract from Petrobras

22 July 2009 (Last Updated July 22nd, 2009 18:30)

Oil services giant Halliburton has received a $190m contract from Brazil state oil player Petrobras to provide drilling fluid, completion fluid and drilling waste management services offshore Brazil. The award includes service delivery in the shelf, deepwater and pre-salt areas of the

Oil services giant Halliburton has received a $190m contract from Brazil state oil player Petrobras to provide drilling fluid, completion fluid and drilling waste management services offshore Brazil.

The award includes service delivery in the shelf, deepwater and pre-salt areas of the massive Campos, Santos and Espírito Santo basins.

Halliburton said that it expects to begin performing services related to the five-year agreement in the third quarter of 2009.

"Our Brazilian operations will be a key component in the further development of our Latin America franchise," said vice-president of Halliburton product service line Baroid, Jeff Miller.