Halliburton Signs Agreement With Egyptian Ministry of Petroleum & Mineral Resources for Local Employee Development Program
March 13 2019 - 7:15AM
Business Wire
Halliburton Company (NYSE:HAL) today signed a Memorandum of
Understanding (MOU) with the Egyptian Ministry of Petroleum &
Mineral Resources (MoP) to support a specialized development
program for Egypt’s middle management and young professional
employees.
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the full release here:
https://www.businesswire.com/news/home/20190313005197/en/
• From left to right top row: H.E. Eng.
Tarek El Molla, Egypt’s Minister of Petroleum & Mineral
Resources, and Halliburton Chairman, President, & CEO Jeff
Miller • From left to right bottom row: Ashraf Mahmoud Farag, First
Undersecretary for Agreements and Exploration at Egypt’s Ministry
of Petroleum & Mineral Resources, and Halliburton Vice
President of Egypt and Libya Colby Fuser sign a MoU to support the
development of the local Egyptian workforce in Houston, Texas on
Monday, March 11. (Photo: Business Wire)
The MOU, which aligns with the ministry’s Oil and Gas
Modernization Program, is a collaborative agreement under which
Halliburton will utilize its strength in human capital development
to provide on-the-job training for Egyptians who show the potential
to be future leaders in the oil and gas industry. Additionally,
Halliburton will customize a development program for select
participants to enhance their capabilities and assist Egypt in its
role as a leading regional oil and gas hub.
“We are excited to collaborate with the Ministry to improve the
development of its local workforce,” said Halliburton Chairman,
President and CEO Jeff Miller. “We have a 50-year, established
working relationship with Egypt, and this MOU is a testament to our
ongoing commitment to the country and its efforts to build its
presence in the oil and gas industry.”
“As we embark on our Modernization Program to create a more
conducive environment for business and investment in Egypt, one of
the most important pillars of this effort is to build world-class
human capital,” said H.E. Eng. Tarek El Molla, Egypt’s Minister of
Petroleum & Mineral Resources. “We believe Halliburton’s robust
employee development experience will contribute greatly to
positioning our local talent for success and sustaining the
promising vision of our ministry.”
“This MOU is a wonderful way to celebrate Halliburton’s 100th
anniversary and our rich history of developing future leaders,”
said Halliburton Vice President of Egypt and Libya Colby
Fuser. “It embodies our core values of creativity and
collaboration and helps set us on the right path for the next
century.”
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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