Halliburton nears deal on Barracuda-Caratinga megaproject

Halliburton Co. is close to finalizing a $2.5 billion contract that may be the biggest ever awarded to a single contractor for engineering, procurement, installation, and construction of an offshore project.The company reached agreements in late January with Barracuda & Caratinga Development Corp. (BCDC) on pricing, an execution plan, and a delivery schedule for development of two deepwater fields in the Campos basin about 80 km off Brazil.It also will be the largest project financed with foreign capital in Brazil, officials say.The BCDC consortium was formed in 1998 by Mitsubishi Corp. and includes Itochu Corp., Deutsche Morgan Grenfell, Merrill Lynch, Industrial Bank of Japan Ltd., and ...

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