Cluff Natural Resources Signs Two-Year Extension To Halliburton Deal

LONDON (Alliance News) - Natural resources investing company Cluff Natural Resources PLC on Friday said it has signed a two-year agreement extension with a unit of US oil services group Halliburton Co.

Cluff has signed a further two-year memorandum of understanding with Halliburton Manufacturing & Services Ltd to work on developing Cluff's North Sea gas and underground coal gasification assets.

No financial details on the extension were disclosed.

"We are delighted to be announcing the extension of our MOU with Halliburton for our UK gas and UCG assets and are excited about the prospect of continuing to develop our strategic relationship," said Cluff Chief Executive And Chairman Algy Cluff.

By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance

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