Halliburton (NYSE: HAL) has entered into a Strategic Collaboration Agreement with PETRONAS Suriname Exploration & Production BV (PETRONAS) and Valaris to support the development of PETRONAS Suriname’s local assets. This effort brings together Halliburton, PETRONAS Suriname, and Valaris early in the development lifecycle to foster close alignment from planning through execution. The collaboration reflects a unified focus on stronger project readiness, improved execution performance, and long-term value creation.

This collaboration reflects PETRONAS Suriname’s confidence in our early engagement approach and the ability to establish execution readiness from the outset. Our integration of subsurface insight with well construction expertise strengthens alignment throughout the development lifecycle and reinforces consistent, high-quality execution with PETRONAS Suriname and Valaris.

Shannon Slocum, chief operating officer, Halliburton:
This strategic collaboration combines PETRONAS Suriname’s deep basin expertise, Valaris’ offshore drilling capability, and Halliburton’s technology and execution strengths to maximize the development and long-term value of the Suriname asset. Through early integration, the collaboration links subsurface evaluation and field development planning with digital well construction to provide clear visibility into each stage of the development workflow from concept to execution. This approach supports effective planning, confident decision-making, and consistent, high-quality execution throughout the development lifecycle.

About Halliburton

Halliburton is one of the world's leading providers of products and services to the energy industry. Founded in 1919, we create innovative technologies, products, and services that help our customers maximize their value throughout the life cycle of an asset and advance a sustainable energy future.

About Petronas

Petroliam Nasional Berhad (PETRONAS) is a global energy company committed to producing and delivering energy and solutions needed to advance society responsibly and sustainably.
As Malaysia’s national oil and gas company, we safeguard and manage the nation’s hydrocarbon resources. Our aim is to maximise value through our integrated business model to meet the energy needs of the nation and our customers across the globe. Our portfolio includes oil and gas, petrochemicals, petroleum products, as well as a range of cleaner energy solutions.

About Valaris Limited

Valaris Limited (NYSE: VAL) is an industry leader in offshore drilling services across all water depths and geographies. Operating a high-quality rig fleet of ultra-deepwater drillships, versatile semisubmersibles and modern shallow-water jackups, Valaris has experience operating in nearly every major offshore basin. Valaris maintains an unwavering commitment to safety, operational excellence, and customer satisfaction, with a focus on technology and innovation. Valaris Limited is a Bermuda exempted company limited by shares (Bermuda No. 56245).