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.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
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
