Halliburton Company has reported steady revenue in its Europe, Africa, and the Commonwealth of Independent States region for the third quarter of 2025, driven largely by strong drilling activity in Namibia.
The oilfield services firm says regional revenue stood at US$828 million (about N$14.4 billion), remaining flat compared to the previous quarter, as solid performance in Namibia offset weaker results in other markets.
“These results show the resilience of our Africa operations, particularly in Namibia, where drilling activity continues to accelerate.
Namibia remains a key growth frontier for Halliburton’s international portfolio,” Halliburton president and chief executive Jeff Miller says.
Namibia’s growing role in Africa’s upstream oil and gas industry was a key highlight in the company’s results. Increased demand for drilling-related services in the country, coupled with improved completion tool sales in Norway, contributed to overall regional stability.
However, the company says these gains were partially offset by lower completion tool sales in the Caspian area and reduced fluid services across Europe.
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