Baku, Azerbaijan, July 22
By Leman Zeynalova – Trend:
The US Halliburton company saw a 6 percent increase in its international revenues in the second quarter of 2019 when compared to the first quarter of 2019, Trend reports citing the company.
Reportedly, the company’s international revenues stood at $2.6 billion during the reporting period, resulting primarily from higher completion tool sales and increased cementing, project management, and fluids activity in the Eastern Hemisphere, coupled with improved stimulation activity in Middle East/Asia and higher wireline activity across all regions.
These improvements were partially offset by reduced fluids activity in Latin America and lower software revenue internationally, reads the report released by Halliburton.
This is while completion and production revenue in the second quarter of 2019 was $3.8 billion, an increase of $143 million, or 4 percent, when compared to the first quarter of 2019, while operating income was $470 million, an increase of $102 million, or 28 percent.
These improvements were primarily driven by increased cementing activity and completion tool sales internationally, higher artificial lift activity in North America, increased stimulation activity in North America and Middle East/Asia, and increased pipeline services in Europe/Africa/CIS. This was offset by reduced stimulation activity in Latin America.
Drilling and Evaluation revenue in the second quarter of 2019 was $2.1 billion, an increase of $50 million, or 2 percent, when compared to the first quarter of 2019, while operating income was $145 million, an increase of $22 million, or 18 percent. These improvements were primarily driven by increased wireline activity globally, improved drilling activity in North America, Latin America and Europe/Africa/CIS, and higher project management activity in Middle East/Asia. Partially offsetting these increases were reduced fluids activity in Latin America and North America and lower software revenue globally.
Founded in 1919, Halliburton celebrates its 100 years of service as one of the world's largest providers of products and services to the energy industry. With approximately 60,000 employees, representing 140 nationalities in more than 80 countries, the company helps its customers maximize value throughout the lifecycle of the reservoir – from locating hydrocarbons and managing geological data, to drilling and formation evaluation, well construction and completion, and optimizing production throughout the life of the asset.
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