Halliburton Breaks Ground on First Oilfield Specialty Chemical Manufacturing Reaction Facility in Saudi Arabia
February 20 2019 - 7:02AM
Business Wire
Halliburton Company (NYSE: HAL) is pleased to announce it will
build the first oilfield chemical manufacturing reaction plant in
Saudi Arabia. The Company held a ground-breaking ceremony on
Monday, Feb. 18, at the plant’s PlasChem Park location in Jubail.
Upon the plant’s completion in 2020, Halliburton will begin local
manufacturing of specialty chemicals to help customers achieve
production and reliability goals in applications from the reservoir
to the refinery.
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Halliburton chairman, president and CEO,
Jeff Miller and Saudi Aramco Senior Vice President, Upstream,
Mohammed Y. Al Qahtani break ground on the first oilfield specialty
chemical manufacturing reaction facility in Saudi Arabia. (Photo:
Business Wire)
“This is a strategic, targeted expansion to accelerate our
fast-growing specialty chemicals business. We are excited to house
this premiere facility in Saudi Arabia while continuing to
strengthen our commitment to the In Kingdom Total Value Add
program,” said Jeff Miller, Halliburton chairman, president, and
CEO. “We chose Saudi Arabia for this plant because it provides an
advantaged location for us to deliver our value proposition of
superior service and chemical applications expertise to Eastern
Hemisphere customers, and because of our strong 80-year history of
success in the Kingdom of Saudi Arabia.”
The plant will have capabilities to manufacture a broad slate of
chemicals for stimulation, production, midstream, and downstream
engineered treatment programs. Halliburton’s global laboratory and
team in Dhahran Techno Valley and local manufacturing uniquely
position the Company to accelerate the production of next
generation specialty chemical solutions while developing local
employees and capabilities.
ABOUT HALLIBURTON
Founded in 1919, Halliburton celebrates its 100 years of service
as one of the world's largest providers of products and services to
the energy industry. With 60,000 employees, representing 140
nationalities in more than 80 countries, the company helps its
customers maximize value 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 throughout the life of the
asset. Visit the company’s website at www.halliburton.com. Connect
with Halliburton on Facebook, Twitter, LinkedIn, Instagram and
YouTube.
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