Halliburton (HAL) announced that Petrobras (PBR) (POBR) awarded multiple contracts to provide vessel stimulation, intelligent completions, and safety valves in Brazil’s deepwater fields after a competitive process. In the Buzios field, Halliburton will deploy its SmartWell intelligent completion technology to enable reservoir management and actionable insights. For the Seepia and Atapu fields, Halliburton will provide EcoStar electric tubing retrievable safety valves to improve the safety and efficiency of this project. Additionally, Halliburton’s Stim Star Brasil, tailored for Petrobras activity, will deliver stimulation services that focus on reservoir productivity. These contracts are expected to begin in 2026.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on HAL:
- Halliburton placed on ‘upside 90-day catalyst watch’ at Citi
- Halliburton price target lowered to $20 from $22 at Barclays
- Halliburton price target raised to $23 from $21 at UBS
- Cautious Hold on Halliburton Amid Pricing Pressures and Uncertain Growth Prospects
- Halliburton call volume above normal and directionally bullish