Offshore staff
KUALA LUMPUR, Malaysia -- Halliburton is setting up its first manufacturing facility at Senai in southern peninsular Malaysia to manufacture well completion equipment for the global market.
The company is investing in a $29.36-$58.72 million facility which eventually will produce oil and gas development equipment, says Rao Abdullah, Halliburton Malaysia managing director. He expects to start production from the 5.2-hectare (12.8 acre) Senai facility by October/November, with over 70% of the output going to international markets.
Meanwhile, Halliburton has won a $200-million, five-year contract to supply well completion products and service to major upstream operators in Malaysia, including Petronas Carigali, ExxonMobil, Royal Dutch Shell, and Newfield Exploration Co.
Rao. The contract has the potential to extend beyond the five-year term.
"We believe this award is a clear indication of the customers' confidence in Halliburton's ability to consistently deliver the highest quality of completion products and services available to the Malaysian oil and gas industry," says Roy Jordan, Halliburton Southeast Asia vice president.
7/23/2007
