YPF Awards Halliburton Multibillion-dollar Long-term Unconventional Completions Contract in Argentina
YPF Awards Halliburton Multibillion-dollar Long-term Unconventional Completions Contract in Argentina
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unconventional completions servicestechnical
Services that finish and prepare oil or gas wells drilled into hard-to-reach rock formations using nonstandard techniques and equipment—for example horizontal drilling, hydraulic fracturing (fracking), multistage stimulation and specialized downhole tools and logistics. Investors care because these services determine how much fuel a well can produce, how quickly it starts making money and how much it costs to operate; better completions can boost output and lower per-unit costs, affecting revenue and reserve valuations.
electric fracturingtechnical
Electric fracturing is a method for creating cracks in underground rock by sending controlled electrical energy into targeted zones, allowing oil, gas or other fluids to flow more freely — think of using small, focused electrical pulses to split a loaf rather than blasting it with water. Investors care because it can change a project’s costs, environmental footprint and regulatory risks: if it cuts water use, reduces surface impact or lowers drilling expenses, it can improve profit potential and affect a company’s valuation.
digital fracturing servicestechnical
Digital fracturing services combine sensors, real‑time data analytics, automation and remote control to plan, monitor and adjust hydraulic fracturing operations on oil and gas wells. For investors, these services matter because they can lower fuel and equipment costs, boost production efficiency and reduce environmental or regulatory risks—similar to a smart thermostat that continuously tunes a system for better performance and lower bills.
subsurface monitoringtechnical
Subsurface monitoring is the use of sensors, sampling and imaging to track conditions below the ground surface—such as groundwater levels, soil stability, buried infrastructure, or stored gases—over time. For investors it reveals hidden risks and performance signals (like leaks, contamination, shifting ground, or failing foundations) that can affect operating costs, regulatory fines, cleanup liabilities and the long-term value of assets; think of it as routine checkups and alarms for what’s happening under the ground.
HOUSTON--(BUSINESS WIRE)--
Halliburton (NYSE: HAL) announced today it was awarded a multibillion-dollar contract by YPF to provide bundled unconventional completions services in the Vaca Muerta, one of the world’s most prolific shale resources outside North America. The award, which resulted from a competitive process, establishes a dedicated, exclusive, and multi-year collaboration.
“This award significantly increases our footprint in Argentina and reflects our customers’ confidence in Halliburton to deliver large-scale unconventional fracturing through technology leadership and operational excellence,” said Casey Maxwell, president, Western Hemisphere, Halliburton. “This strategic collaboration with YPF brings the industry's most advanced technology to Argentina.”
Under the contract, Halliburton will utilize its ZEUS® electric fracturing services in its first international deployment. The agreement also includes the OCTIV® Auto Frac service, part of the OCTIV® digital fracturing services operating environment that delivers consistent onsite execution while pumping.
This integrated approach establishes a new benchmark for international unconventional fracturing. It combines electrification, automation, and advanced digital workflows to improve efficiency, consistency, and emissions-intensity reduction efforts. A common digital platform supports collaborative, phased integration of next‑generation intelligent fracturing and advanced subsurface monitoring.
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