Halliburton secures plug and abandonment contract offshore Brazil from Petrobras

August 08, 2024

(WO) – Halliburton has been awarded a contract by Petrobras to provide a full range of services in Brazil for integrated well interventions and plug and abandonment for offshore wells. This multi-year contract is set to begin in the second quarter of 2025.

Under the agreement’s terms, Halliburton will provide a wide range of services to include fluids, completion equipment, wireline, slickline, flowback services, and coiled tubing, integrating and coordinating these services through Halliburton’s project management service line to ensure efficient and effective execution.

This contract, which covers nearly two-thirds of all interventions and plug and abandonment work for Petrobras, reinforces Halliburton’s strategic position in the Brazilian market.

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

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