Halliburton announced it has been awarded a contract by Petrobras to provide a full range of services in Brazil for integrated well interventions and plug and abandonment for offshore wells. This multi-year contract is set to begin in the second quarter of 2025.

Under the agreement’s terms, Halliburton will provide a wide range of services to include fluids, completion equipment, wireline, slickline, flowback services, and coiled tubing. We will integrate and coordinate these services through Halliburton’s project management service line to ensure efficient and effective execution.

“Our long-standing relationship with Petrobras exemplifies our ability to collaborate and engineer solutions to maximize their asset value,” said Halliburton Chairman, President, and CEO Jeff Miller. “Halliburton’s offshore well intervention capabilities optimize production, extend well life, reduce costs, and access challenging reserves.”

This contract, which covers nearly two-thirds of all interventions and plug and abandonment work for Petrobras, reinforces Halliburton’s strategic position in the Brazilian market.

About Halliburton

Halliburton (NYSE: HAL) 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 Petrobras

Petrobras has upwards of 100 production platforms, 16 refineries, 30,000 kilometers of pipelines and more than 6,000 service stations. Our proved reserves are around 14 billion barrels of oil, a figure expected to double in the next few years. With the discovery of oil and gas in the pre-salt region, Brazil may become the world's fourth biggest oil producer in 2030.

We have built a track record of overcoming challenges since 1953, when the company was created. The main one was developing technology to explore and produce oil in deep and ultra-deep waters, where upwards of 90% of our reserves are nestled. With innovation and daringness, we are now the Brazilian company that makes the applies for the most patents in Brazil and abroad.