Halliburton Co. was awarded an integrated services contract on Sept. 14 to execute a three to five well drilling and completions campaign for Energean, an independent E&P company focused on developing resources in the Mediterranean and the North Sea. The work follows a successful four well offshore drilling campaign that Halliburton previously executed in the Karish and Karish North gas fields.
Halliburton will collaborate with Energean to economically and safely deliver exploration, appraisal, and development wells offshore Israel. The contract is for three firm and two optional wells to deliver all services including project management, directional drilling, drill bits, drilling fluids, cementing, solids control, wireline, slickline, completions, production enhancement, and subsea services.
Key technologies deployed include the StrataXaminer wireline logging solution that helps operators acquire more accurate well data and better evaluate production potential, the 7 3/8” Dash® electrohydraulic subsea safety system, and iCruise intelligent rotary steerable system to deliver faster and more accurate wells.
“We are excited to build on our strong relationship with Energean and honored to once again be selected to deliver integrated project management services that maximize the value of their offshore Mediterranean wells,” Ahmed Kenawi, senior vice president of Europe, Eurasia and Sub-Saharan Africa Region, said. “This campaign will deliver a fully integrated solution using our Halliburton 4.0 digital platform and drilling technologies to optimize well delivery.”
A shale expert shares some insight on factors to evaluate when optimizing hydraulic fracturing.
With this new project, water will now comprise over 25% of the total company’s contract operations backlog.
MacArthur President John Palfrey said it would switch its equity exposure to indexes that exclude companies with fossil fuel reserves.