Aug 15 | 2019
Halliburton Secures Nine Conditional Contracts
Oil producer Woodside Energy has awarded nine contracts for the development of its SNE Field Development Phase 1 offshore Senegal project to oilfield services firm Halliburton.
The award signals an optimistic outlook for the breakbulk sector in the country, as the firms aim to start a drilling campaign in late 2020 or early 2021. This work will involve construction of infrastructure to drill 18 wells with up to eight optional wells over a period of up to four years.
“We are excited to win this work and to provide services from our multiple product service lines on what is likely to be the first deepwater oil development in Senegal,” said Shannon Slocum, senior vice president of the Eurasia, Europe and Sub-Sahara Africa region for Halliburton.
Multi-contract Award
The contracts awarded by Woodside include drilling, logging, cementing, lower completions, e-line/slick line, coiled tubing and well testing services, with initial engineering work set to begin in Perth, Australia, later this year.
The multicontract award for the first phase of offshore work follows an earlier conditional award to Halliburton in December 2018 for drilling and completion fluids services and the firm foresees transfer of engineering services to Dakar, Senegal in 2020.
“In addition to our services, Halliburton will invest in Senegal through constructing facilities, hiring local staff and potentially utilizing local vendors/suppliers,” Slocum added.
Woodside Profit Down
Headquartered in Perth, Western Australia, Woodside is the country’s largest independent oil and gas company and in recent years has built on its domestic LNG expertise to expand internationally.
The firm recently reported weaker than expected half-year results, with a 23 percent drop in first-half profit, driven by extended maintenance at its Pluto LNG plant.
“Pluto LNG’s first major turnaround was completed in June 2019 to support safe, reliable and efficient production for many years. Strong cash flow generated by Pluto LNG will contribute significantly to delivery of Woodside’s growth strategy,” said Peter Coleman, CEO of Woodside.
The award signals an optimistic outlook for the breakbulk sector in the country, as the firms aim to start a drilling campaign in late 2020 or early 2021. This work will involve construction of infrastructure to drill 18 wells with up to eight optional wells over a period of up to four years.
“We are excited to win this work and to provide services from our multiple product service lines on what is likely to be the first deepwater oil development in Senegal,” said Shannon Slocum, senior vice president of the Eurasia, Europe and Sub-Sahara Africa region for Halliburton.
Multi-contract Award
The contracts awarded by Woodside include drilling, logging, cementing, lower completions, e-line/slick line, coiled tubing and well testing services, with initial engineering work set to begin in Perth, Australia, later this year.
The multicontract award for the first phase of offshore work follows an earlier conditional award to Halliburton in December 2018 for drilling and completion fluids services and the firm foresees transfer of engineering services to Dakar, Senegal in 2020.
“In addition to our services, Halliburton will invest in Senegal through constructing facilities, hiring local staff and potentially utilizing local vendors/suppliers,” Slocum added.
Woodside Profit Down
Headquartered in Perth, Western Australia, Woodside is the country’s largest independent oil and gas company and in recent years has built on its domestic LNG expertise to expand internationally.
The firm recently reported weaker than expected half-year results, with a 23 percent drop in first-half profit, driven by extended maintenance at its Pluto LNG plant.
“Pluto LNG’s first major turnaround was completed in June 2019 to support safe, reliable and efficient production for many years. Strong cash flow generated by Pluto LNG will contribute significantly to delivery of Woodside’s growth strategy,” said Peter Coleman, CEO of Woodside.
