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FINWIRES

Halliburton Secures Multibillion-Dollar Contract From Argentina's YPF

-- Halliburton (HAL), the Texas-based oilfield services company, on Monday said it has secured a multibillion-dollar contract from state-owned energy company YPF for the delivery of "bundled unconventional completions services" in the Vaca Muerta shale oil and gas formation in Argentina.

The exclusive, multi-year contract was awarded after a competitive process, the company said in a statement.

As per the agreement terms, Halliburton will deploy its Zeus electric fracturing services and the Octiv Auto Frac service for unconventional fracturing.

"It combines electrification, automation, and advanced digital workflows to improve efficiency, consistency, and emissions-intensity reduction efforts," the statement added. "A common digital platform supports collaborative, phased integration of next-generation intelligent fracturing and advanced subsurface monitoring."

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