KUALA LUMPUR, Malaysia--(BUSINESS WIRE)--Feb. 10, 2012--
Halliburton (NYSE: HAL) and PETRONAS Carigali Sdn Bhd (PETRONAS
Carigali) have signed a Framework Agreement for the evaluation and
development of global shale resources. The signing ceremony was held on
Feb. 9, 2012, at the KL Convention Centre in Kuala Lumpur.
This collaboration will enable PETRONAS Carigali to shorten its in-house
capability development by leveraging on Halliburton’s technology and
experience in the North America shale industry. Halliburton will work
with PETRONAS Carigali to set up a Shale Technical Centre of Excellence
in Kuala Lumpur.
Halliburton has experience in all of the active major shale basins. The
company is aggressively expanding its global infrastructure to support
shale development outside of North America.
“One of the cornerstones of Halliburton’s strategy is to maintain
leadership in unconventional plays,” said Jeff Miller, Halliburton’s
senior vice president of Global Business Development and Marketing.
“Expanding into the Asia Pacific market and providing the same quality
level of service we already provide in North America fits into that
strategy.”
Halliburton currently employs more than 5,600 people in the Asia Pacific
region.
ABOUT HALLIBURTON
Founded in 1919, Halliburton is one of the world’s largest providers of
products and services to the energy industry. With nearly 70,000
employees in approximately 80 countries, the company serves the upstream
oil and gas industry throughout the lifecycle of the reservoir – from
locating hydrocarbons and managing geological data, to drilling and
formation evaluation, well construction and completion, and optimizing
production through the life of the field. Visit the company’s website at www.halliburton.com.
Source: Halliburton
Halliburton
For Investors:
Kelly Youngblood,
281-871-2688
Halliburton, Investor Relations
investors@halliburton.com
or
For
Media:
Beverly Blohm Stafford, 281-871-2601
Halliburton,
Corporate Affairs
pr@halliburton.com
