Halliburton Co.

NYSE:HAL   3:59:59 PM EDT
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Products, Expansion, Earnings Announcements

ADNOC Awards $658 Million Framework Agreements

Published: 03/17/2022 06:04 GMT
Halliburton Co. (HAL) - Ric:adnoc.
Ul]:adnoc Continues to Drive Upstream Growth As It Awards $658 Million Framework Agreements.
Award of Framework Agreements Valued at $658 Million (aed 2.4 Billion) for Cementing Services As It Continues to Invest to Enable Drilling Growth and Expand Its Crude Oil Production Capacity.
Awards Cover Adnoc’s Onshore and Offshore Fields and Will Run for Five Years With an Option for a Further Two Years.
Over 65% of the Award Value Could Flow Back Into the United Arab Emirates (uae).
Smart Nature of the Awards Will Enable Adnoc to Realize Hundreds of Millions of Dollars in Cost Savings.
Framework Agreements Were Awarded to Haliburton Worldwide Limited Abu Dhabi, Baker Middle East, Emirates Western, Nesr and Emjel, Following a Competitive Tender Process.
Revenue is expected to be $4.7 Billion
Adjusted EPS is expected to be $0.44

Next Quarter Revenue Guidance is expected to be $4.96 Billion
Next Quarter EPS Guidance is expected to be $0.52

More details on our Analysts Page.