Saudi Aramco Awards Halliburton Multimillion-Dollar Contract to Develop Khurais Mega Project
Source: www.gulfoilandgas.com 6/7/2006, Location: Middle East
Oil Field Services
Halliburton has been awarded the oilfield services component of the largest oil development project in the Arabian Gulf Region since the 1950s – the Saudi Aramco Khurais mega project. This three-year contract includes a full range of Halliburton’s integrated services and technologies. In order to produce 1.2 million barrels of oil per day (MMB/d) for several years, the project will utilize up to 23 rigs to support the drilling and completion of more than 300 wells. Development of this project is a key contributor to Saudi Aramco’s plan of increasing production capacity.
Andy Lane, Halliburton’s executive vice president and chief operating officer, said: “To be selected for this project, one of the world’s largest incremental oil projects, is a significant vote of confidence from Saudi Aramco. It validates our commitment to work closely with our Middle East-based customers and it also provides a platform for future successes.”
“Halliburton has worked with Saudi Aramco for almost 70 years and has maintained a track record of bringing mega projects onto production successfully and safely,” said Gasser Badrashini, vice president, Halliburton’s ESG Saudi and Bahrain operations. “Awarding the Khurais mega project to Halliburton is a natural extension of our long-term relationships in the Middle East.”
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