Halliburton Company has secured a bundled well construction and completions contract from Eni for the Cronos ultra-deepwater development in Cyprus's Block 6. The multi-year award covers integrated drilling, automation, and completions services supported by Halliburton's regional infrastructure. The company said the bundled scope highlights its ability to deliver integrated ultra-deepwater solutions that streamline operations, reduce interfaces, and enhance execution certainty for complex offshore gas developments in the Eastern Mediterranean. The win follows Halliburton's integrated well construction contract with TotalEnergies for the GranMorgu project in Suriname, adding another datapoint to its push into bundled international contracts. Halliburton's narrative projects $25.1 billion in revenue and $2.7 billion in earnings by 2029, requiring 4.0% yearly revenue growth and an earnings increase of about $1.1 billion from $1.6 billion today, while the most optimistic analysts assume revenue of about US$26.7 billion and earnings of around US$3.3 billion by 2029.
Halliburton CompanyHalliburton secured a bundled well construction and completions contract from Eni for the Cronos ultra-deepwater development in Cyprus.
Eni S.p.A.Eni is the client awarding the Cronos contract to Halliburton; no direct financial impact on Eni is described.
TotalEnergies SE
