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HALLIBURT OPENS MANUFACTURING AND TECHNOLOGY CENTER IN SINGAPORE

Source: www.gulfoilandgas.com 10/30/2008, Location: Asia

Halliburton today inaugurated its manufacturing and technology center, marking the company’s second expansion in the Asia Pacific region this year. This pioneering center produces sophisticated electronic sensors used in the company’s signature logging-while-drilling tools, and openhole wire line logging services. The facility also serves as a repair and maintenance facility for drilling tools used throughout the region.

“Our commitment in Singapore today demonstrates the strategic balancing of our business portfolio geographically,” said Dave Lesar, Halliburton Chairman, President and Chief Executive Officer, who leads today’s festivities in the island country. “This investment in our research and international supply chains allows us to shorten our supply lines and gives us more flexibility to respond to emerging market conditions.”

“The opening of Halliburton’s facility affirms Singapore's attractiveness and competitiveness as a manufacturing location," said Mr Lim Hng Kiang, Minister for Trade and Industry and guest-of-honor at today's ceremony. “With world class capabilities and a technology driven workforce well-versed in engineering, Singapore is ideal for companies to design, develop and manufacture cutting-edge products for global markets.”

The 20,252 square-meter (approximately 218,000-square-feet) facility is located in the Jurong industrial area in western Singapore and hosts production, technology research and development, logistics and operations activities.

Halliburton leads the energy and environmental industry in the Patent Board's latest study in terms of global patent activity related to innovation, technology and science strengths.

“This confirms the progress we have made in the last few years to enhance the depth of our intellectual property as well as our capability to deliver technology solutions for reservoirs which are becoming increasingly more challenging,” added Lesar.,Halliburton currently holds more than 13,000 U.S.-registered patents for its technology.

“We are dedicated to providing a more responsive global supply chain through regional networks which deliver local products and services to meet our customer’s needs,” said Len Cooper, Halliburton senior vice president of supply chain management. “We are proud to network Singapore into our expanding production facilities and support the local economy here.” At peak activity, approximately 400 people will work in this facility and will include PhD-level physicists, scientists and engineers as well as procurement, financial and logistical support staff.

Around 80 percent of the components used in tool assemblies will be procured and/or manufactured in the Asia Pacific region. In this way, Halliburton contributes to the region’s sustainable economic growth by adding valuable skills to local employees and creating greater trade opportunities for local businesses and suppliers.



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