HOUSTON--(BUSINESS WIRE)--Mar. 13, 2019--
Halliburton Company (NYSE:HAL) today signed a Memorandum of
Understanding (MOU) with the Egyptian Ministry of Petroleum & Mineral
Resources (MoP) to support a specialized development program for Egypt’s
middle management and young professional employees.
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• From left to right top row: H.E. Eng. Tarek El Molla, Egypt’s Minister of Petroleum & Mineral Resources, and Halliburton Chairman, President, & CEO Jeff Miller
• From left to right bottom row: Ashraf Mahmoud Farag, First Undersecretary for Agreements and Exploration at Egypt’s Ministry of Petroleum & Mineral Resources, and Halliburton Vice President of Egypt and Libya Colby Fuser sign a MoU to support the development of the local Egyptian workforce in Houston, Texas on Monday, March 11. (Photo: Business Wire)
The MOU, which aligns with the ministry’s Oil and Gas Modernization
Program, is a collaborative agreement under which Halliburton will
utilize its strength in human capital development to provide on-the-job
training for Egyptians who show the potential to be future leaders in
the oil and gas industry. Additionally, Halliburton will customize a
development program for select participants to enhance their
capabilities and assist Egypt in its role as a leading regional oil and
gas hub.
“We are excited to collaborate with the Ministry to improve the
development of its local workforce,” said Halliburton Chairman,
President and CEO Jeff Miller. “We have a 50-year, established working
relationship with Egypt, and this MOU is a testament to our ongoing
commitment to the country and its efforts to build its presence in the
oil and gas industry.”
“As we embark on our Modernization Program to create a more conducive
environment for business and investment in Egypt, one of the most
important pillars of this effort is to build world-class human capital,”
said H.E. Eng. Tarek El Molla, Egypt’s Minister of Petroleum & Mineral
Resources. “We believe Halliburton’s robust employee development
experience will contribute greatly to positioning our local talent for
success and sustaining the promising vision of our ministry.”
“This MOU is a wonderful way to celebrate Halliburton’s 100th
anniversary and our rich history of developing future leaders,” said
Halliburton Vice President of Egypt and Libya Colby Fuser. “It embodies
our core values of creativity and collaboration and helps set us on the
right path for the next century.”
ABOUT HALLIBURTON
Founded in 1919, Halliburton celebrates its 100 years of service as one
of the world's largest providers of products and services to the energy
industry. With 60,000 employees, representing 140 nationalities in more
than 80 countries, the company helps its customers maximize value
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 throughout the
life of the asset. Visit the company’s website at www.halliburton.com.
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View source version on businesswire.com: https://www.businesswire.com/news/home/20190313005197/en/
Source: Halliburton Company
For Investors:
Abu Zeya
Halliburton,
Investor Relations
investors@halliburton.com
281-871-2688
For News Media:
Emily Mir
Public Relations
pr@halliburton.com
281-871-2601
