Sebi has approved a scheme for high net worth individuals which will require a minimum investment of Rs1 million
business23 hours ago
Halliburton did not release financial terms of the deal, which includes an option for a five-year extension.
The company, based in Houston and Dubai, will provide Aramco with “turnkey” services, which means the wells will be built so that no additional work will be required by Aramco.
The project is expected to use three to four rigs to develop between 153 and 185 oil production, water injection and evaluation wells.
Halliburton said the contract is Aramco’s first-ever integrated turnkey drilling award, as part of a strategy to increase collaboration with major oilfield service providers.
Shares in Halliburton rose 1.1 percent in premarket trade to $30.90 per share.
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