The award is valued at approximately $1.5 billion.
Contract Details
Overview
Halliburton has been a long-standing partner of Petrobras, providing integrated drilling services for various projects in Brazil.
Halliburton secures $1.2 billion contract with Petrobras for five years.
The deal is worth approximately $1.2 billion over five years, with an option to extend for an additional two years. The contract covers a range of services, including drilling, completion, and production operations.
The Deal: A Breakdown
The contract is valued at approximately $1.2 billion over five years, with an option to extend for an additional two years. This makes it Halliburton’s largest service contract with Petrobras to date. The deal is expected to begin in 2025 and will cover a range of services, including:
These services will be provided to Petrobras by Halliburton’s various business units, including its drilling and completion business.
The Benefits for Halliburton
The contract represents a significant opportunity for Halliburton to expand its presence in the Brazilian market.
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