Halliburton Company (NYSE:HAL) has been awarded a multibillion-dollar contract by YPF to deliver unconventional well completion services in Argentina’s Vaca Muerta shale basin.
The multi-year agreement establishes an exclusive partnership covering bundled completion services in Vaca Muerta, widely regarded as one of the largest shale resources outside North America. The contract follows a competitive tender 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.
As part of the deal, Halliburton will deploy its ZEUS electric fracturing technology internationally for the first time. The contract also includes its OCTIV Auto Frac system, part of the company’s digital platform designed to enhance precision and consistency during pumping operations.
The integrated solution combines electrification, automation, and digital workflows to improve operational efficiency while supporting emissions reduction goals. A digital platform will also be used to integrate fracturing systems with subsurface monitoring capabilities.
The agreement marks a further step in Halliburton’s expansion into global unconventional resource development, leveraging its experience in North American shale operations. YPF, Argentina’s state-controlled energy group, is a leading operator in the Vaca Muerta formation.
Founded in 1919, Halliburton provides a broad range of services and technologies to the global energy sector, with its completions division offering hydraulic fracturing, cementing, and related well services across international markets.