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Halliburton, PETRONAS and Valaris Align on Suriname Offshore Work

Halliburton, PETRONAS Suriname and Valaris have formed a strategic collaboration in Suriname to improve early alignment across subsurface work, well planning and offshore drilling execution.
Illustration (Source: Shutterstock / ID-2704209309)

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Halliburton has entered a strategic collaboration with PETRONAS Suriname and Valaris to support offshore development activity in Suriname, with the three companies aiming to establish closer coordination from the early stages of project planning.

The agreement connects the operator, drilling contractor and service provider earlier in the project cycle so that subsurface studies, well planning and drilling execution can be aligned more effectively. The companies are seeking to improve preparation and execution by linking technical workstreams before offshore activity advances further.

Within the collaboration, PETRONAS Suriname brings basin knowledge, Valaris provides offshore drilling capability, and Halliburton contributes well construction support and digital technology. The structure is intended to strengthen project readiness and support execution performance across the development process.

Halliburton Chief Operating Officer Shannon Slocum said the collaboration shows PETRONAS Suriname’s support for early engagement and for building execution readiness from the start. He said the combination of subsurface understanding and well construction capability supports closer alignment throughout the project lifecycle with PETRONAS Suriname and Valaris.

The partners are placing particular emphasis on integrating technical workflows early by linking subsurface analysis with drilling and development planning. That approach is intended to support decision-making and improve efficiency as offshore work progresses.

The agreement also reflects continued activity in Suriname’s offshore sector as companies move ahead with development planning for deepwater resources.

Editorial Note:
This article was prepared with the assistance of AI tools to enhance clarity and efficiency.
All information has been reviewed and verified by the HMT News editor.
Transocean’s $5.8 billion all-stock merger with Valaris is under extended US antitrust review after the Department of Justice requested additional information.
Valaris added about $560 million through new rig contracts and extensions, raising total backlog to around $4.9 billion after recent drillship and jack-up awards.
Valaris has sold Valaris DPS-1 for recycling after the 10,000-ft semisubmersible was stacked in Malaysia following its release from work offshore Australia.

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