Halliburton Opens New Completion Technology and Manufacturing Center in Singapore

  Halliburton Opens New Completion Technology and Manufacturing Center in

              New facility strengthens company’s global presence

Business Wire

SINGAPORE -- March 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 ...

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

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

“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.”


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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