Halliburton (HAL) Awarded $40M Drilling Contract from ConocoPhillips China (COP)

February 16, 2010 10:38 AM EST
Sperry Drilling, a Halliburton (NYSE: HAL) product service line, has been awarded a two-year contract, plus options, with ConocoPhillips China Inc. (NYSE: COP). The approximately $40 million contract's work scope includes provisions of directional-drilling and logging-while-drilling services on the Peng Lai Development in China's Bohai Bay. Sperry Drilling begins work immediately.

"As ConocoPhillips' largest global supplier for directional-drilling and logging-while-drilling services and technology, Halliburton is committed to the successful execution of this project," said James Bement, vice president, Sperry Drilling services.

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