Halliburton wins deepwater contract with Eni in Cyprus

Halliburton (NYSE: HAL) has secured a bundled well construction and completions contract from Eni for the Cronos ultra-deepwater development in Block 6 of the Cyprus Exclusive Economic Zone, according to a company press release.

Under the contract, Halliburton will provide integrated drilling, well construction, automation, and completions services for exploration and development wells. The scope includes drilling fluids, directional drilling, LOGIX automation and remote operations, cementing, surface well testing, and coiled tubing.

"The Cronos award builds on Halliburton's longstanding relationship with Eni and highlights the company's ability to deliver integrated offshore solutions for complex deepwater developments," said Jean-Marc Lopez, senior vice president for Europe, Eurasia, and Sub-Saharan Africa at Halliburton.

The contract covers a multi-year development campaign. Halliburton said it will support operations through existing infrastructure and regional capabilities in Cyprus.

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