Halliburton wins Petrobras deepwater contracts in Brazil

Halliburton Company (NYSE: HAL) received multiple contracts from Petrobras to provide completion and stimulation services in Brazil's deepwater oil fields, the company announced.

The contracts cover vessel stimulation, intelligent completions, and safety valves across three Brazilian deepwater fields following a competitive bidding process. Work is scheduled to begin in 2026.

In the Búzios field, Halliburton will deploy its SmartWell intelligent completion technology for real-time reservoir management and production optimization. For the Séepia and Atapu fields, the company will provide EcoStar electric tubing retrievable safety valves.

Halliburton's Stim Star Brasil unit, designed specifically for Petrobras operations, will deliver stimulation services aimed at improving reservoir productivity and asset performance.

"These awards demonstrate our longstanding relationship in Brazil and support our global strategy to improve asset value and safety through our completions services," said Shawn Stasiuk, senior vice president of Halliburton's Completion and Production division.

The contracts represent continued collaboration between the two companies in Brazil's offshore oil and gas sector. Halliburton, founded in 1919, provides products and services to the global energy industry.

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