HAL Contracts

ConocoPhillips Awards Halliburton Multi-Year Well Stimulation Services Contract in the North Sea

Published August 13, 2025 at 12:00 PM

HOUSTON--(BUSINESS WIRE)--ConocoPhillips Skandinavia AS (ConocoPhillips) awarded Halliburton (NYSE: HAL) a contract to deliver comprehensive well stimulation services to improve well performance and reservoir productivity. The contract spans five years and includes three optional extension periods. Under the agreement, Tidewater’s vessel, North Pomor, will be transformed into an advanced stimulation vessel designed to efficiently deliver offshore well stimulation services in the North Sea. The

Related Questions

How will the Halliburton contract with ConocoPhillips affect HAL's stock price in the short term? What is the estimated revenue and margin contribution from the five‑year North Sea well‑stimulation contract? What are the expected cash‑flow impacts and timing of payments from the ConocoPhillips agreement? Will the contract lead to additional upstream equipment sales or services for Halliburton beyond the vessel transformation? What risks (operational, regulatory, weather‑related) could affect the execution of the contract in the North Sea? How will the conversion of Tidewater’s North Pomor vessel be capitalized and affect HAL’s balance sheet? Will the contract trigger any changes in Halliburton’s guidance or EPS estimates for the next two fiscal years? How might the contract influence analyst sentiment and target price revisions for HAL? How does the contract size compare to Halliburton’s recent offshore deals and to its competitors' contracts in the region? What are the implications for Halliburton's market share in offshore well‑stimulation services in Europe?