Current HAL Stock Info

By Tyler Losier, Energy Reporter, Oil & Gas 360

First offshore project for Kuwait since early 1980s
Kuwait Oil Company (KOC) and Halliburton (stock ticker: HAL) have signed an integrated offshore drilling services contract for six high-pressure, high-temperature exploration wells and two jack-up rigs in the Arabian Gulf.

This marks the first time since the early 1980s that KOC is undertaking an offshore project. Recently, KOC has set its sights on Kuwait’s offshore reserves after a 3D seismic survey revealed that Kuwait Bay has the potential to produce commercial quantities of hydrocarbons.

Source: Kuwait Oil Company

Halliburton Project Management will provide the offshore rigs and supply vessels for KOC’s venture. In a...

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