Halliburton Can Gain From Mature Field Contracts In Ecuador

Ecuador’s state-run oil company, Petroamazonas, has signed contracts with several international oilfield services companies, including Halliburton and Schlumberger , to enhance production from country's mature oil fields. The contracts, which are expected to run for 15 years, will be focused on improving the proven and probable reserves and production from 17 aging oil fields around the Amazon basin region. Most large oilfield services companies have been investing in their mature field servic...