JAKARTA (Rambu Energy) – Halliburton and Baker Hughes, the world’s biggest oil field service companies based in Houston, are reportedly in talks to create a mega merger deal that could be valued more than US$25 billion.
Baker Huges in late Thursday confirmed that it was in preliminary talks with its rivalry Halliburton. The discussions may or may not result in a merger, fuelfix.com reported.
The Wall Street Journal reported earlier, citing unidentified people familiar with the matter, said talks were progressing quickly and a deal, in which Halliburton would buy Baker Hughes, could come soon. The sources didn’t discuss the price but said it would likely rise above Baker Hughes’ market value, $25.4 billion on Thursday.
Halliburton has yet to make comment on the report so far.
Halliburton operates in Indonesia through its subsidiary PT Halliburton Indonesia. (*)