Rhino Resources and Halliburton to Sign Contract for Integrated Deep-Water Services Offshore Namibia
24 Abril 2024 - 8:59AM
Business Wire
Halliburton Company (NYSE: HAL) today announced it has been
awarded a deep water integrated multi-well construction contract by
Rhino Resources Ltd., a private company engaged in both onshore and
offshore energy exploration in Africa.
“This collaboration between Halliburton and Rhino Resources
marks a strategic milestone to harness the full potential of
Namibia’s oil and gas sector,” said Jean Marc Lopez, senior vice
president, Europe, Eurasia, and Sub-Saharan Africa at Halliburton.
“Halliburton, with its collaborative approach and solutions
engineering, is uniquely positioned to maximize asset value in this
block with Rhino Resources. Together, we will establish a standard
for innovation and economic growth in the industry.”
Under this agreement, Halliburton will provide complete
solutions to construct exploration and appraisal wells, along with
testing services. Halliburton will also extend its country
operation facilities to support all product service lines from
Namibia to enhance collaboration and maximize asset value for Rhino
Resources and Namibian customers.
With more than a decade of exploration in Namibia, Rhino
Resources holds operatorship of Block 2914A (PEL 85). This block,
located in the shallower portion of the Orange Basin, boasts
significant potential. It is strategically located less than 20km
from the nearest discovery and amidst multiple Namibian discoveries
made over the last two years. The block’s proximity to other
international operators further underscores its strategic
relevance.
In late 2022, Rhino conducted a 3D seismic survey that
reinforced the block's potential with multiple viable plays and
drillable prospects. In addition, Halliburton and Rhino Resources
will uphold the emphasis on localization in Namibia’s oil and gas
sector, with the aim to distribute the economic advantages of
Namibia’s resources to the local community.
“Rhino is pleased to have established a collaboration with
Halliburton and views this as an important driver in the continued
growth of the Namibian oil and gas industry,” said Travis Smithard,
chief executive officer at Rhino Resources Ltd. “The opportunity
for catalysing local services and the broadening of positive
economic influence in Namibia are expected to establish a valuable
legacy for the Namibian people well beyond our initial exploration
campaign.”
As Halliburton and Rhino Resources approach operational
commencement in the fourth quarter of 2024, the agreement
underscores the importance of integration of global expertise with
local resources to foster economic resilience and progress in
Namibia's growing energy sector.
ABOUT HALLIBURTON
Halliburton is one of the world’s leading providers of products
and services to the energy industry. Founded in 1919, we create
innovative technologies, products, and services that help our
customers maximize their value throughout the life cycle of an
asset and advance a sustainable energy future. Visit us at
www.halliburton.com; connect with us on LinkedIn, YouTube,
Instagram, and Facebook.
ABOUT RHINO RESOURCES
Rhino is a privately-owned exploration company focused on
delivering real low-cost energy solutions to the African continent.
The pursuit of energy equality and a just energy transition are the
cornerstones of the company’s operations.
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Press Contact Victoria Ingalls pr@halliburton.com
281-608-8839
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