Macondo Ties Not Hampering Halliburton Gulf Return

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April 19, 2011

Halliburton (HAL), which provided services to BP on its doomed Macondo well, hasn’t had any trouble getting back to work in the Gulf of Mexico’s deep waters. HAL has won 30% of the drilling service contracts and 40% of well completion work tendered since US regulators resumed issuing deep-water drilling permits in late February, CEO David Lesar says. That’s a better market share than before the Macondo blowout, and as a result, he says, HAL plans to bring back equipment and workers that were moved from the Gulf because of the disaster-related drilling shut down.

(c) 2011 Dow Jones & Company, Inc.

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