3/24/11

Haliburton awarded oil drilling contacts in Southern China Sea, but by whom?

I don't usually post about corporate dealings but this press release caught my eye because the way it's worded, makes me ask questions.

Halliburton Awarded Contracts for First Ultra-HP/HT Oil and Gas Drilling Project in Asia

Halliburton (NYSE: HAL) has been awarded several contracts for the provision of equipment and services on two offshore blocks in the South China Sea. This is the first ultra-high-pressure/high-temperature (HP/HT) oil and gas drilling project in Asia.

The exploration campaign calls for two firm wells and one potential well. Halliburton will provide directional drilling, measurement-while-drilling and logging-while-drilling (M/LWD) services; well completion equipment and services; surface well testing and downhole drillstem testing (DST) equipment and services; and cementing equipment, fluids and pumping services. Drilling is scheduled to start in the third quarter of 2011.
You can read the rest of the release here.

Three things I found interesting in this innocuous press release' wording:
  1. Haliburton was AWARDED the contracts
  2. The releases never mentions WHO awarded the contracts
  3. The drilling takes places in SOUTHERN CHINA SEA
Who do you think awarded these contracts to Dick Cheney's company to drill in China's seawaters? And why aren't they telling us?

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