Halliburton Exiting Lump-Sum EPIC Business, Selling Stake in Bredero-Shaw Pipe-Coating JV

摘要

Halliburton last week said it would no longer pursue fixed-price engineering, procurement, installation and commissioning (EPIC) contracts in the offshore oil and gas sector. The company also said it has signed a letter of intent to sell its 50% interest in the Bredero-Shaw pipe-coating venture to partner ShawCor Ltd. for us150-million-us50-million in cash and us100-million in stock and a short-term note.