Halliburton signs contract to provide well services to Petrobras

(PN) Halliburton announced today (8) that it has been contracted by Petrobras to provide a range of services in Brazil for integrated interventions and decommissioning of offshore wells. The commercial agreement is expected to begin in the second quarter of 2025. It will be a major new contract for the company, as it will cover almost two-thirds of all well interventions and decommissioning for Petrobras, reinforcing the company’s strategic position in the Brazilian market.

Under the terms of the contract, Halliburton will provide a wide range of services, including fluids, completion equipment, wireline, slickline, flowback and coiled tubing services. The company said it will integrate and coordinate these services through its project management service line to ensure efficient and effective execution.

“Our long-standing relationship with Petrobras exemplifies our ability to collaborate and develop solutions to maximize the value of their assets. Halliburton’s offshore well intervention capabilities optimize production, extend well life, reduce costs and access challenging reserves,” said Halliburton CEO Jeff Miller.