Halliburton Co announced it does not carry out any activities on the Sea Lion project in Argentina. The company confirmed it has no participation in hydrocarbon exploration or production activities in or around the Malvinas Islands.

The statement serves to clarify the company's operational footprint regarding the disputed territory. Halliburton explicitly denied involvement in the Sea Lion project, a key offshore development area. This disclosure addresses potential regulatory and geopolitical concerns associated with operations in the region.

Operational Clarification

The company's position is definitive regarding its scope of work. There are no current or planned engagements linked to the specified geographic areas. The announcement highlights compliance with international norms and local regulations concerning the Malvinas Islands.

• No activities on the Sea Lion project
• No participation in exploration in the Malvinas region
• No participation in production in the Malvinas region

Halliburton (NYSE: HAL) has signed memorandums of understanding with Eneva and WESCA to support energy development opportunities in Venezuela.

The agreements aim to help customers advance projects in the country's oil and gas sector by leveraging Halliburton's nearly nine decades of experience and established operational capabilities in the region.

Partnership Details

The collaboration with Eneva, one of Brazil's leading integrated energy companies and its largest private natural gas operator, builds on the firms' existing relationship in Brazil. The two companies will work together to identify and pursue development opportunities in Venezuela.

Under the separate agreement with WESCA, Halliburton will support field evaluation and development planning. The companies currently collaborate to advance reservoir understanding through digital technologies and subsurface interpretation.

Strategic Context

Francisco Tarazona, senior vice president of Latin America at Halliburton, stated that the agreements highlight the company's efforts to help customers unlock value from assets through technology and execution excellence.

"Halliburton has a long history in Venezuela and supports customers as they pursue growth opportunities," Tarazona said. "We look forward to working with Eneva and WESCA to advance development opportunities and support the country's evolving energy sector."

These moves underscore Halliburton's long-standing presence in Venezuela and its focus on customer collaboration.