Published on 21 Jun 2023 on Zacks via Yahoo Finance
Halliburton Company (HAL) and Nabors Industries NBR announced an agreement on leading well construction automation solutions. This partnership aims at revolutionizing the field of well construction by introducing cutting-edge technologies that enhance rig capabilities, lower well construction costs and reduce operational risks.
The Collaboration
Per the agreement, Halliburton and Nabors will combine their respective technologies to create an unparalleled suite of well construction automation solutions.