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4-Traders Homepage  >  Equities  >  Euronext Amsterdam  >  Royal Dutch Shell A    RDSA   GB00B03MLX29

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Royal Dutch Shell A : Halliburton awarded Iraqi drilling contract by Shell

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01/21/2017 | 03:18pm CET

Halliburton has signed a contract with Shell Iraq Petroleum Development to provide drilling services for sustained production at Shells Majnoon oil field in Southern Iraq.

Under the contract, Halliburton will mobilize three rigs to drill development wells and carry out workover activities over the next two years.

We are pleased to be awarded this work and the opportunity to collaborate with Shell to engineer solutions for the development of Majnoon, said Ahmed Kenawi, senior V.P., Middle East and North Africa, Halliburton. We have provided drilling services on this project for the past six years and signing this contract is a testimony to the safe and high quality service we previously delivered.

(c) 2017 Bakhtar News Agency. All rights reserved. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Financials ($)
Sales 2016 232 971 M
EBIT 2016 11 053 M
Net income 2016 6 334 M
Debt 2016 70 823 M
Yield 2016 6,79%
P/E ratio 2016 22,50
P/E ratio 2017 14,14
EV / Sales 2016 1,28x
EV / Sales 2017 1,05x
Capitalization 228 422 M
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Mean consensus OUTPERFORM
Number of Analysts 24
Average target price 31,7 $
Spread / Average Target 15%
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NameTitle
Ben van Beurden Chief Executive Officer & Executive Director
Charles Holliday Chairman
Simon P. Henry Chief Financial Officer & Executive Director
Harry Brekelmans Director-Technology & Projects
Gerardus Johannes Wijers Deputy Chairman
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