Contract awarded to Halliburton
Posted: 14 August 2006
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Hydro has entered into a contract with the company Halliburton regarding delivery of equipment and services for carrying out coiled tubing operations on the Norwegian continental shelf. The framework agreement is v alid for all Hydro-operated offshore installations.
The value of the contract is estimated at NOK 150 million over a three-year period, with the opportunity to extend the contract for up to six years, divided into three two-year periods. The contract is scheduled to commence on September 1, 2006.
The service includes delivery of standard coiled tubing operations, stimulation, pumping, and nitrogen operations, in order to carry out maintenance work and interventions on all Hydro-operated wells.
Halliburton is not currently an established supplier of coiled tubing services on the Norwegian continental shelf. The company will now establish a base for coiled tubing services of this |
