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Halliburton Targets Higher Margin Growth With Sekal Digital Drilling Deal
Halliburton has agreed to acquire Sekal AS to enhance its digital drilling automation capabilities by integrating Sekal’s DrillTronics technology into its LOGIX platform. This acquisition aims to boost Halliburton’s competitive edge in high-value digital services against rivals like Schlumberger and Baker Hughes, particularly as operators increasingly seek advanced automation and real-time monitoring solutions. Despite a mixed share-price performance and projected EPS and revenue declines, the deal is expected to support a narrative of higher-margin digital offerings and potentially lead to more outcome-based contracts by shortening well delivery times.