Pemex lets $683 million drilling contract to Halliburton

Mexico's Petroleos Mexicanos has let a 3-year, $683 million contract to Halliburton Co. to manage the drilling and completion of 58 land wells in the southern region of Mexico.

By OGJ editors
HOUSTON, Jan. 23 -- Mexico's Petroleos Mexicanos has let a 3-year, $683 million contract to Halliburton Co. to manage the drilling and completion of 58 land wells in the southern region of Mexico.

The contract spans a number of well conditions, including depressurized and high-pressure/high-temperature formations, combined with complex geologies and tremendous depths, ranging 3,500-6,500 m.

Halliburton's project management group will provide wellbore-cementing tools, stimulation equipment and wireline technology, as well as drilling fluids, drill bits, directional-drilling services, and completion tools.

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