Halliburton Awarded Service For Largest Arab Project

U.S. huge oilfield service company Halliburton Co. said it was awarded a multimillion-dollar contract by Saudi oil firm Aramco for its Khurais project, expected to be a major boost to Saudi oil output.

Khurais is the biggest crude increment programme and Halliburton described it as the largest in the Gulf Arab region since the 1950s. Halliburton said the three-year contract would utilise up to 23 rigs to drill more than 300 wells. The U.S. firm called it a "multimillion-dollar contract", but did not specify terms.