Halliburton Secures Long-Term Contract in the North Sea with ConocoPhillips
U.S.-headquartered oilfield services player Halliburton has recently announced a significant achievement in the North Sea region. The company has landed a new long-term assignment with ConocoPhillips Skandinavia, a subsidiary of the U.S.-based ConocoPhillips.
This five-year contract focuses on providing well stimulation services to ConocoPhillips in the North Sea. The primary objective of this partnership is to enhance well performance and reservoir productivity. Additionally, the agreement includes three optional extension periods to further solidify the collaboration between the two companies.
Mark Dawson, Senior Vice President at Halliburton’s Completion and Production division, expressed his enthusiasm about this development. He stated, “We are pleased to strengthen our longstanding relationship with ConocoPhillips through this important award.”
“This contract win complements our extensive experience in well stimulation and highlights how we execute globally. The combination of our latest technology and our focus on automation and safety is how we maximize value for our customers,” Dawson added.
As a result of this partnership, Tidewater’s North Pomor vessel will undergo a transformation to become an advanced stimulation vessel. This vessel will be dedicated to delivering offshore well stimulation services in the North Sea, utilizing Octiv digital fracturing services to optimize stimulation equipment performance and operational efficiency.
This recent contract with ConocoPhillips comes shortly after Halliburton secured another multi-year agreement with Repsol Resources UK, a subsidiary of Spain’s Repsol. This contract focuses on providing comprehensive well lifecycle services for assets in the UK North Sea.