Halliburton upset shareholders this week by announcing another $62 million after-tax charge on its Barracuda-Caratinga turnkey development in Brazil, but confirmed its commitment to finishing the project by outlining an agreement that should end legal wrangling with Brazilian state oil company Petrobras.
If nothing else, this troubled deep-water project has offered both industry giants a profound learning process of the kind that will alter their respective courses.
Halliburton,
