Halliburton, WellDynamics take on StatoilHydro work

Halliburton Co. and its joint venture company, WellDynamics Inc., have secured about $900 million in contracts from Norwegian oil company StatoilHydro for work in the North Sea.

Houston-based Halliburton (NYSE: HAL) and Spring-based WellDynamics will provide completion equipment and services, tubing conveyed perforating services and SmartWell completion technology for oil and gas fields on the Norwegian continental shelf.

Work is expected to start in September and last up to nine years if all option periods are exercised.

WellDynamics is a joint venture company of Halliburton International Inc. and Shell Technology Ventures Fund 1 BV (managed by Kenda Capital BV).