Halliburton and Gazprom Neft Enter into Technology Cooperation Agreement

  Halliburton and Gazprom Neft Enter into Technology Cooperation Agreement

Business Wire

HOUSTON -- August 13, 2013

Halliburton (NYSE:HAL) has entered into an agreement of cooperation with
Gazprom Neft for the introduction of new technologies to improve operational
efficiency in Gazprom Neft fields.

General director of Halliburton's Russia operations Konstantin Schilin and
Gazprom Neft first deputy ...

General director of Halliburton's Russia operations Konstantin Schilin and
Gazprom Neft first deputy general director Vadim Yakovlev shake hands after
signing technology cooperation agreement. (Photo: Business Wire)

“The strategic objective of Gazprom Neft is to increase hydrocarbon production
to 100 million tons of oil equivalent by 2020. According to our estimation,
more than half of all our oil will be produced using innovative technologies.

Enhancement of mature field development efficiency and implementation of new
major projects involve technological challenges. In order to solve these
problems, we are actively cooperating with Russian and foreign service
companies choosing the most suitable modern technologies for our oilfields,”
said Gazprom Neft first deputy general director Vadim Yakovlev.

Representatives of the two companies will collaborate on technological
solutions for hard-to-recover reserves, unconventional resources, deepwater
and other projects. Gazprom Neft specialists will provide Halliburton with
updated data on implementation of specific projects and Halliburton experts
will offer technological solutions.

“Halliburton invests significant funds and resources into research and
development of new technologies for the exploration and production of
hydrocarbons,” said Konstantin Schilin, general director of Halliburton’s
Russia operations. “This innovation allows us to continuously perfect our
capabilities and offer efficient solutions to lower cost per BOE for our
customers."

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 75,000 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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Contact:

Halliburton
For Investors:
Kelly Youngblood, 281-871-2688
Investor Relations
Investors@Halliburton.com
or
For Media:
Cathy Mann, 281-871-2601
Global Marketing and Strategy
PR@halliburton.com
 
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