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Pemex Awarded Halliburton With a $98.7 million Contract

Mexican state oil company Petroleos Mexicanos or Pemex has awarded oilfield services company Halliburton a $98.7 million contract to install packers and other equipment at Pemex's wells in the Gulf of Mexico

Pemex Awarded Halliburton With a $98.7 million Contract

Pemex stated that the installation of this specialized technology would help with reservoir pressure, well stimulation and fracturing operations, avoid contact between fluids and coating, maintain flow and help regulate the productivity of its wells.

Pemex is hoping to improve production from its wells in the Gulf of Mexico, where 80 percent of the country's crude oil is produced.

Author: Ksenia Kochneva


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