Trinidad Drilling, Halliburton Form Rig JV


News: Trinidad Drilling has entered into a joint venture (JV) partnership with a subsidiary of US energy major Halliburton to operate drill rigs at the latter ' s international oil and gas projects, Oil Voice reports. The JV will concentrate on Halliburton 's undertakings outside of North America, initially in Saudi Arabia and Mexico. Trindad CEO Lyle Whitmarsh commented: 'We see this agreement as a significant milestone for Trinidad in international markets. By aligning ourselves with a major oilfield services company, such as Halliburton, we are able to open the doors to a new level of international growth. Trinidad will benefit from Halliburton's international operating experience and infrastructure and will gain access to the integrated project management market. In return, we can provide Halliburton with high-performance drilling services and strong operating performance that will enhance their ability to win future integrated projects.'

This article is tagged to:
Sector: Oil & Gas
Geography: Trinidad & Tobago, Mexico, Saudi Arabia

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