Halliburton signs MoUs with Eneva and WESCA for Venezuela oil and gas work

Offshore Technology··VEBRUS·Read original
2▲1 ▼0Impact / 5
Summary · why it matters

Halliburton has signed memorandums of understanding with Eneva and WESCA to advance energy development opportunities in Venezuela's oil and gas sector. Under the agreement with Eneva, Brazil's largest private natural gas operator, the two companies will identify and launch new development projects in Venezuela, building on work they have previously done together in Brazil. A separate MoU with WESCA will see Halliburton contribute to field evaluation and development planning activities in Venezuela, with the existing collaboration focused on enhancing reservoir understanding and supporting decision-making through digital technology and subsurface analysis. Halliburton Latin America senior vice-president Francisco Tarazona said the agreements highlight the company's efforts to help customers unlock value from their assets through technology, collaboration and execution excellence. Halliburton has operated in Venezuela for almost 90 years and maintains several bases in the country. Earlier this month, Halliburton secured a bundled well construction and completions contract from Eni for the Cronos project offshore Cyprus, an ultra-deepwater development in Block 6 of the Cyprus Exclusive Economic Zone, covering integrated drilling, well construction, automation and completions services for exploration and development wells.

Impact on assets 2

Energy▲
Halliburton Company
HAL
▲ PositiveDemandrelevance

Halliburton signed MoUs with Eneva and WESCA to advance oil and gas development projects in Venezuela, expanding its service work.

Off-coverage companies 2

Eneva SAi
Private▲ PositiveDemandrelevance

Eneva signed an MoU with Halliburton to identify and launch new oil and gas development projects in Venezuela.

WESCAi
Private▲ PositiveDemandrelevance

WESCA signed an MoU with Halliburton for field evaluation and development planning in Venezuela.