YPF awards Halliburton multibillion-dollar fracturing contract in Argentina

Halliburton Company (NYSE: HAL) received a multibillion-dollar contract from YPF to provide unconventional completions services in Argentina's Vaca Muerta shale formation, the company announced.

The multi-year agreement establishes an exclusive collaboration for bundled completions services in the Vaca Muerta, described as one of the world's most significant shale resources outside North America. The contract resulted from a competitive bidding process.

"This award significantly increases our footprint in Argentina and reflects our customers' confidence in Halliburton to deliver large-scale unconventional fracturing through technology leadership and operational excellence," said Casey Maxwell, president of Halliburton's Western Hemisphere division.

Under the contract, Halliburton will deploy its ZEUS electric fracturing services internationally for the first time. The agreement also includes OCTIV Auto Frac service, which is part of the company's digital fracturing services platform designed to provide consistent execution during pumping operations.

The integrated approach combines electrification, automation, and digital workflows aimed at improving efficiency and consistency while supporting emissions reduction efforts. A digital platform will support the integration of fracturing technology and subsurface monitoring systems.

The contract represents Halliburton's expansion into international unconventional resource development, building on its North American shale expertise. YPF, Argentina's state-controlled oil company, operates extensively in the Vaca Muerta formation.

Halliburton, founded in 1919, provides products and services to the global energy industry. The company's completions division offers hydraulic fracturing, cementing, and other well completion services across multiple international markets.

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