According to the Wall Street forecasts, the profit of Halliburton Co. (HALN) has doubled in the first quarter with the surge in the oilfield companies. The North American operations have outperformed the impact of the shutdown in Libya after the protest.

The oil field services giant, HALN revealed that the total income has been increased to $511 million in 2011, compared with $206 million in last year. Despite of the charges suspended in the Libya’s protest, the HALN has also earned $557 million, which is 61 cents per share.

The CEO of Halliburton, Dave Lesar said that the company is very happy with the profits in the quarter results.

The oil prices in the company have increased above $100 a barrel in the end of February. Hence, the customers of the company are spending more on new projects to just get benefits from the high oil prices.

According to a survey by Thomson Reuters, on the generated revenue of $4.9 the analysts have forecast earnings of 58 cents.

Meanwhile, the revenue jumped to 75% in North America, on the other hand the generated revenue from international operation increased by 11%.

The choice of customers has shifted to crude oil and natural gas liquids from natural gas in unconventional rock formations, and hence the company is more likely to see growth in North America.