BP awards Halliburton high-value contracts for a program of developments in Angola deep water

摘要

Halliburton has been awarded long-term high-value contracts by BP Angola.BP's Angola Program covers up to four developments, to be based on a standardized design, and drilling activity is scheduled to commence in 2010. The first development in Block 31, PSVM, was recently sanctioned by BP Angola and its partners. Commitments related to the remaining three developments are anticipated to be awarded upon sanction of the additional projects, with the drilling program taking place over a multi-year period. The development program in total is expected to eventually exceed 150 wells.