Halliburton Secures Major Deepwater Contracts with Petrobras and Expands Operational Footprint

Halliburton Co. (NYSE: HAL) announced on October 15, 2025 that it has been awarded a series of deep‑water contracts by Brazilian state‑controlled oil company Petrobras. The agreements cover completion and stimulation services for several offshore projects, including the installation of first‑of‑its‑kind umbilical‑less tubing hanger systems in partnership with Aker BP.

Contract Scope and Technical Highlights

  • Completion and Stimulation Services: Halliburton will provide integrated services for Petrobras’ deep‑water wells, leveraging its advanced hydraulic fracturing and completion technologies to enhance production rates.
  • Umbilical‑Less Tubing Hanger (ULTH) Installation: On October 16, Halliburton and Aker BP completed the first installation of a ULTH system, a technology that eliminates the need for traditional umbilicals, reducing installation time and operational complexity in challenging offshore environments.
  • Project Locations: The contracts encompass multiple fields in Brazil’s offshore blocks, where high‑pressure, high‑temperature wells require specialized engineering solutions.

Financial and Market Context

Halliburton’s market capitalization stands at approximately $19.95 billion, with a 52‑week price range of $18.72 to $32.57. The company’s current share price is $21.82 as of 2025‑10‑15, and its price‑to‑earnings ratio is 10.865. The new Petrobras contracts are expected to contribute positively to revenue and earnings in the upcoming fiscal year, reinforcing Halliburton’s position within the energy equipment and services sector.

Strategic Implications

  • Deepwater Expertise: The contracts underline Halliburton’s capability to operate in the most technically demanding offshore environments, strengthening its competitive advantage against peers such as Schlumberger and Baker Hughes.
  • Innovation Adoption: The ULTH installation demonstrates Halliburton’s commitment to deploying cutting‑edge technologies that improve efficiency and reduce operational costs for clients.
  • Geographic Diversification: Expanding its presence in Brazil enhances Halliburton’s global footprint, providing exposure to a major market with significant future development potential.

Corporate Overview

Halliburton Co. is an energy and engineering company that offers services, products, and integrated solutions to customers involved in the exploration, development, and production of oil and natural gas. It operates on the New York Stock Exchange and reports in U.S. dollars.