Halliburton Becomes Anchor Member of the Advanced Remanufacturing and Technology Center
November 03 2019 - 8:00PM
Business Wire
Halliburton Company (NYSE: HAL) today announced it has signed a
strategic agreement with the Advanced Remanufacturing and
Technology Center (ARTC) to become an anchor member, which will
allow Halliburton to collaborate across industries with research
and development projects that will advance next-generation
technologies. Halliburton is the only oilfield services company
with membership in ARTC.
As an anchor member of ARTC, which is led by Singapore’s Agency
for Science, Technology and Research (A*STAR), Halliburton will
leverage the organization’s pool of engineers and researchers to
help drive the development of collaborative solutions that will
increase value for our customers.
“We are excited about the possibilities to advance the way we
complete oil and gas wells through harnessing the power of
innovative ideas from outside our industry,” said Dr. Sriram
Srinivasan, vice president for Global Technology with Halliburton.
“Singapore is a world leader in cutting edge research, and we look
forward to lending our expertise to the development of technologies
for new markets.”
“I am pleased to have Halliburton join the ARTC consortium, and
I look forward to our adventure of co-creation and open innovation.
This partnership will allow us to explore advanced manufacturing
technologies that could transform the sector,” said ARTC’s chief
executive officer, Dr. David Low. “With Halliburton onboard, I am
optimistic that this will spark new opportunities for advanced
manufacturing R&D in the energy sector and local enterprises in
Singapore.”
Khalil A. Bakar, director of Energy & Resources for the
Singapore Economic Development Board, said, “Halliburton’s
partnership with ARTC reflects the growing technical capabilities
in Singapore and the company’s continued confidence in Singapore as
a key innovation node in the region. This is a positive example of
how oil & gas companies can collaborate with Singapore to
develop and test innovative solutions to advance next-generation
technologies, enhance competitiveness and further develop the
industry.”
ARTC is a leading public-private partnership platform with over
70 members ranging from global multinational corporations to small
and medium enterprises. ARTC focuses on advanced manufacturing and
remanufacturing and serves to accelerate the transfer of innovation
from applied research to industrial applications.
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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