Russian energy giant Gazprom and U.S.-based energy services major Halliburton have signed a strategic cooperation deal to develop and implement new oil and gas technologies in global exploration and production projects, Halliburton said on its website on Thursday.
“The agreement sets the framework for the ongoing exchange of information related to oil and gas technologies, for technical training to be provided to Gazprom International by Halliburton, and for the deployment of Halliburton technology on Gazprom International projects,” the company said in a statement.
The technologies will include tight gas, deepwater, advanced software applications and integrated workflows, the company said.
“Halliburton has invested considerable resources in research and development for new technologies, which support our customers’ activities,” Halliburton’s Senior Vice President of Business Development for the Eastern Hemisphere Brady Murphy said.
“This agreement provides an opportunity for Gazprom International and Halliburton to mutually benefit from the implementation of these technologies and to build a closer strategic working relationship.”
Gazprom International Managing Director Valery Gulev said the Russian energy giant expected cooperation with Halliburton to extend the company’s engineering capability, improve its competitive performance and broaden the range of its possibilities in the areas of exploration and development of hydrocarbons.