Halliburton Company (NYSE:HAL) Swells Footprint In Saudi Arabia


Dallas, Texas 01/13/2014 (FINANCIALSTRENDS) – Saudi Arabia is eager to develop into an important exporter of technical solutions and a prized contributor to the international pool of facts and modernism, stated Saudi Aramco President and chief executive officer Khalid A. Al-Falih.

The launching of Halliburton Company (NYSE:HAL)’s novel Unconventional and Reservoir Productivity Technology Center in Dhahran represents a noteworthy landmark along that passageway, Khalid stated.

“I am sure that the center’s effort will assist us to attain our own technology program,” he said at the opening ceremony.

The novel center at King Fahd University of Petroleum and Minerals (KFUPM) in Dhahran Techno-Valley permits Halliburton to offer ultra-modern research and development solutions for conventional and unconventional sources covering challenges both in the Kingdom and in a regional manner.

The center offers a base to build up sturdy relationships with local universities like King Fahd University of Petroleum and Minerals to widen technology which is projected to result in employment and training chances for Saudi technicians as well as university graduates.

The Halliburton Dhahran Unconventional & Reservoir Productivity Tech Center will back up the growth of unconventional reservoir productivity practices in the Kingdom.

Partnership between Saudi Aramco and Halliburton researchers, the engagement of KFUPM scientists and the accumulation of Halliburton’s diverse unconventional know-how will permit solutions to be developed locally and speedily executed in the Kingdom’s arenas.

Halliburton declares changes in legal management

As per reports, Robb Voyles has become executive VP and general counsel from Jan. 1, 2014. He will assume the place from Bert Cornelison, who will leave pursuant to company strategy during April 2014. Bert will stay with the firm until his departure to aid with the transition of his responsibilities.

Cornelison has worked as Halliburton Company (NYSE:HAL)’s general counsel since 2002, advising the firm on several, complex lawful matters.