BAKU, Azerbaijan, Apr.22
By Leman Zeynalova – Trend:
International revenue of Halliburton in the first quarter of 2021 was $2 billion, a 2 percent increase when compared to the fourth quarter of 2020, Trend reports with reference to the company.
This improvement was driven by higher activity across multiple product service lines in Latin America and the North Sea, coupled with increased software sales and project management activity internationally. Partially offsetting these increases were lower completion tools sales, reduced well intervention services in the Halliburton/ Eastern Hemisphere, lower stimulation activity in the Middle East, reduced cementing activity in Russia, and lower drilling-related services in Asia.
Latin America revenue in the first quarter of 2021 was $535 million, a 26 percent increase sequentially, resulting primarily from increased activity in multiple product service lines in Argentina and Mexico, as well as higher fluid services in the Caribbean. Partially offsetting these improvements was reduced activity across multiple product service lines in Colombia. Europe/Africa/CIS revenue in the first quarter of 2021 was $634 million, a 1 percent decrease sequentially, resulting primarily from reduced completion tools sales and well intervention services across the region, coupled with lower activity in Russia and lower fluid services in Kazakhstan.
These decreases were partially offset by higher well construction activity in the North Sea and increased software sales across the region. Middle East/Asia revenue in the first quarter of 2021 was $878 million, a 6 percent decrease sequentially, largely resulting from lower stimulation and well intervention services in the Middle East, reduced drilling-related activity in Indonesia and China, and lower completion tools sales across the region. These decreases were partially offset by improved project management activity in Iraq and Saudi Arabia, and higher wireline activity in Asia.
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