Repsol Resources UK (OTC: REPYF) awarded Halliburton (NYSE: HAL) a 5-year contract to support the full well lifecycle on their platform assets in the UK North Sea.
Halliburton will provide subsurface technology, drilling and completion services, and digital solutions for major new developments. The company will deliver a rigless intervention framework that enables Repsol Resources UK to optimize well construction, production, and intervention to maximize plug and abandonment (P&A) operations.
“This collaboration between Halliburton and Repsol Resources UK marks a strategic milestone,” said Timothy Horsfall, vice president, Halliburton Europe. “The efforts to maximize the remaining potential of the UK North Sea align with our focus to provide safe and reliable P&A operations.”
The two companies aim to establish an industry standard for innovation and economic growth. Halliburton’s services will support Repsol Resources UK’s decommissioning efforts in the region.
