New facility strengthens company’s global presence
SINGAPORE--(BUSINESS WIRE)--Mar. 18, 2013--
Halliburton (NYSE: HAL) opened its newly constructed Completion
Technology and Manufacturing Center in Singapore today, significantly
expanding the Company’s Completion Tools technology and manufacturing
capacity. Completion Tools, a product service line in Halliburton’s
Completion and Production division, enables customers to economically
and efficiently complete their wells by providing the design, selection
and provision of equipment and services to optimize well production.
This additional capability will allow the Company to continue to deliver
high-quality products to a broad and growing customer base in the
Eastern Hemisphere.
![Halliburton executives and Singapore dignitaries at the ribbon-cutting ceremony of the Halliburton C ...](http://mms.businesswire.com/bwapps/mediaserver/ViewMedia?mgid=362064&vid=4)
Halliburton executives and Singapore dignitaries at the ribbon-cutting ceremony of the Halliburton Completion Technology and Manufacturing Center. From left are Joe Rainey, President, Eastern Hemisphere, Halliburton; Leo Yip, Chairman, Singapore Economic Development Board; Dave Lesar, Chairman, President and Chief Executive Officer, Halliburton; Singapore's Deputy Prime Minister Teo Chee Hean; Marc Edwards, Senior Vice President, Completion and Production Division, Halliburton; Manohar Khiatani, Chief Executive Officer, JTC Corporation. (Photo: Halliburton)
“Halliburton is the leading supplier of completion products and services
globally, and the Singapore facility is a flagship for our Completion
Tools manufacturing in the Eastern Hemisphere,” said Dave Lesar,
Halliburton Chairman, President and Chief Executive Officer. “Investment
in this technology and manufacturing facility is a demonstration of
Halliburton’s commitment to strengthen our position in international
markets where we are seeing expanding opportunities in deep water,
mature assets and unconventional resources development.”
“This new facility will allow us to deliver a broad portfolio of
completion products and will also allow us to react more quickly to our
customers’ needs,” said Jerry Wauters, Vice President of Halliburton
Completion Tools. “The expansion in Singapore is part of our global
strategy to increase our overall capacity to meet our customers’ growing
demands.”
The new state-of-the-art facility is located on about 43 acres in Jurong
Industrial Park and includes more than 500,000 square feet (46,451
square meters) of manufacturing and administrative space. The facility
includes technology laboratories and test facilities, which house
complex processes such as high-alloy material precision machining,
electrode discharge machines, small deep-hole gun drilling and fully
automated high-pressure testing.
A second phase of development is underway which includes the
construction of the technology administration building, workshops,
deep-well simulators, high-pressure/high-temperature testing facilities
and the completion of a deep horizontal well enabling all aspects of
engineering testing and simulated systems integration testing.
The Completion Tools leadership team and global headquarters relocated
from Houston, Texas, to Singapore in 2011. Employees of the original
completion tools manufacturing facility in Jurong Industrial Park began
a seamless transition to the new facility in January 2013. Halliburton
continues to hire and train new employees to fill the additional
positions in manufacturing and technology.
Halliburton has been active in the Eastern Hemisphere energy services
market since 1926. It established operations in Singapore in 1973 and
opened its first manufacturing center in the region in Singapore in
1990. The Company has continually grown in the region, and offers a full
range of technology and services across its Completion and Production,
and Drilling and Evaluation divisions.
“We welcome Halliburton’s investment in this new manufacturing and
technology centre in Singapore, which will cover the entire value chain
of activities from headquarters to manufacturing and technology,” said
Singapore’s Deputy Prime Minister Teo Chee Hean, who opened and toured
the facility this morning. “With this investment, Singaporeans can look
forward to diverse roles and exciting career pathways, including
managers, engineers, technicians and skilled production craftsmen.”
ABOUT HALLIBURTON
Founded in 1919, Halliburton is one of the world’s largest providers of
products and services to the energy industry. With more than 72,000
employees, representing 140 nationalities 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.
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Source: Halliburton
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