Halliburton 2009 Annual Report Download - page 13

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HALLIBURTON IS OVER
NATIONALIZED IN THE
COUNTRIES WHERE
WE WORK
PUSHING BOUNDARIES IN
PUSHING BOUNDARIES 09
SolutionS for the MoSt coMPlex ProBleMS Contributing more than 25 percent to global oil
production, the Middle East region is an area of great promise and opportunity. Halliburton has worked in
Saudi Arabia for nearly 70 years, performing thousands of service operations and providing customized solutions
to address multiple unique reservoirs.
A prime example of this is the Khurais mega-project, the largest production increment in the Arabian Gulf and
thought to be the largest in history. For this project, Halliburton leveraged a full range of integrated services and
technologies to achieve our customer’s goal of 1.2 million barrels of oil per day. Completing the work 10 months
ahead of schedule, Halliburton delivered more than 310 wells drilled over a 3½-year period using only 12 rigs
instead of the planned 16 rigs, resulting in a 37 percent savings in rig months.
Following the success delivered on the Khurais project, Halliburton was awarded an integrated drilling contract
in South Ghawar, the world’s largest oil eld. This contract is Saudi Aramco’s rst award for an integrated
turnkey drilling contract and it is an important part of their plan to explore new avenues of collaboration with
major oileld services providers. The 5-year contract involves integrated project management, including the
provision of drilling rigs, directional and horizontal drilling, logging while drilling, cementing, mud engineering,
wireline logging, completion and perforating, as well as other well construction activities, such as engineering
and management of entire drilling operations.
A platform for the future, the award builds on the successes achieved with previous Saudi mega-projects while
underlining Halliburton’s ability to provide comprehensive and cohesive services that deliver superior results.