Halliburton has secured a multibillion‑dollar, long‑term, exclusive contract with Argentina’s state‑owned oil company YPF to provide bundled unconventional completions services in the Vaca Muerta shale formation. The award, the result of a competitive process, will see Halliburton deploy its ZEUS electric fracturing platform and OCTIV Auto‑Frac service in the region for the first time.
The win expands Halliburton’s footprint in a key unconventional play outside North America and underscores the company’s strategy of leveraging technology‑driven solutions to win high‑margin work. The international debut of the ZEUS platform—an electric fracturing system that delivers 5,000 hydraulic horsepower with lower emissions—signals a shift toward electrification and digitalization in the industry.
Casey Maxwell, President of Halliburton’s Western Hemisphere division, said the 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.”
UBS raised its price target for Halliburton to $39 from $35, reflecting confidence that the contract will generate substantial revenue over the coming years and reinforce Halliburton’s position as a leading provider of advanced fracturing technologies.
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