ConocoPhillips awards Halliburton a North Sea drilling contract

By OGJ editors
HOUSTON, May 4 -- ConocoPhillips awarded Halliburton Co. unit Sperry-Sun Drilling Services a 3-year contract to provide North Sea integrated drilling services with two additional options for up to 3 years each.

The contract is estimated to be worth $130 million for the first 3-year duration, and if all extensions are granted, it could be worth $300 million, a Halliburton spokeswoman said.

Sperry-Sun will prove directional drilling, measurement-while-drilling, logging-while-drilling, mud logging, and surveying services.

Fundamental to this contract is Sperry-Sun's second-generation point-the-bit rotary steerable service. Other technologies involved in the contract will provide ConocoPhillips with wireline-quality formation evaluation services.