Halliburton Breaks Ground for Technology Center in Brazil

Comments Off | 08-18-2011

Halliburton Tuesday broke ground at the construction site of its new Technology Center at the Federal University of Rio de Janeiro (UFRJ) Technology Park, located at Ilha do Fundão, Rio de Janeiro, Brazil.

The groundbreaking represents a milestone in the Cooperation Agreement signed in 2010 between Halliburton and the UFRJ for the purpose of providing research and technology development projects in Brazil.

Tim Probert, president of Strategy and Corporate Development for Halliburton, said the Halliburton Brazil Technology Center will provide solutions and services that Halliburton can implement to accelerate deepwater field development and to continue enhancing production from mature fields.

It is also an excellent opportunity for the company to collaborate with leading Brazilian universities and customer research centers to solve subsurface challenges in an innovative and economical manner, said Probert.

The new 7,062-square-meter technology center will have three floors and include specialized laboratories, a collaboration room, a testing area, and conference and training rooms.

Halliburton has had a presence in Brazil for more than 50 years. Currently, it provides services and products to its customers from nine locations in Brazil and employs more than 1,800 people in the country.

Halliburton is one of the world’s largest providers of products and services to the energy industry.

With more than 60,000 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.

Halliburton consists of two divisions: Drilling and Evaluation and Completion and Production. As of December 31, 2010, these two divisions accounted for approximately 18.0 billion dollars in Revenue. The company had 2010 revenue $18.0 billion, with more than 60,000 employees in 80 countries.

To strengthen its presence in the Eastern Hemisphere, Halliburton established a second headquarters in Dubai, United Arab Emirates. The oil and gas business is moving its focus from the increasingly difficult reserves of the Western Hemisphere to the bounty of the Eastern Hemisphere.

As the customers Halliburton serves make this shift, Halliburton is expanding eastward to provide new manufacturing capacity, move closer to key markets, and help reduce the costs of moving materials, products, tools and people.

Today, Halliburton offers the world’s broadest array of products, services and integrated solutions for oil and gas exploration, development and production.

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Posted in FDI Brazil statistics, General |

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