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.

Jan. 23, 2008

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.