Hallibuton wins key Adco contract
Abu Dhabi, May 5, 2008
Halliburton has been awarded a contract by Abu Dhabi Company for Onshore Oil Operation (Adco) to provide a range of completion equipment for onshore oil and gas wells.
The three-year contract includes the provision of production packers, subsurface safety valves and subsurface flow controls.
Adco is a subsidiary of Abu Dhabi National Oil Company (Adnoc).
“This award is significant both in terms of value and volume,” said Gasser Badrashini, Halliburton’s Middle East region vice president. “As a major supplier of downhole completion equipment in the UAE, Halliburton will continue its ongoing support of Adnoc’s strategy to boost oil and gas production by providing a range of technically superior, cost-effective completion solutions.”
A key differentiator in the selection of Halliburton was the company’s recognised technical and service support in the region, competing prices and delivery performance. The award includes several uniquely designed permanent and retrievable packers, along with Halliburton’s highly reliable SP and NE subsurface valves, both of which are recognised as industry standards and have been run with zero failures in previous Adco operations.
Ahmed Lotfy, Halliburton’s Eastern Hemisphere president, added: “Being selected for this work validates that our completion offerings are continuing to gain momentum with operators in the Eastern Hemisphere and underscores the continuing success of our efforts to expand our international operations.” – TradeArabia News Service