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Halliburton Wins Aramco Contracts Covering About 285 Saudi Wells

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US-based energy major Halliburton (HAL) secured multi-year Aramco contracts covering about 285 planned onshore wells in Saudi Arabia, the company said Thursday.

The lump-sum turnkey contracts expand Halliburton's role in Aramco's onshore oil re-entry program across multiple fields, according to the company.

Halliburton will provide an integrated execution model covering oil re-entry operations, drilling, completions and workovers to improve operational consistency, accelerate well delivery and maximize asset value, the company said.

The contracts include a three-year base term with options to extend for up to two additional years, according to the company.

"The program supports close collaboration with Aramco and applies Halliburton's integrated services and technologies to deliver strong performance and lower drilling and completion costs across onshore development," said Rami Yassine, president, Eastern Hemisphere, Halliburton.

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