Middle East Energy Awards: Halliburton wins 2019 Oilfield Services Company of the Year Award

Middle East Energy Awards: Halliburton wins 2019 Oilfield Services Company of the Year Award
Energy ME awards 2019 held at Play restaurant H hotel
Published: 29 September 2019 - 4:30 a.m.
By: Martin Menachery
Halliburton is one of the world's largest providers of products and services to the energy industry. In 2018, the company generated $24bn of total revenue, a 16% increase from the previous year with improvements across all product service lines globally. As the market transforms, Halliburton has been moving towards more integrated asset management and LSTK projects. This shift in the company’s commercial model adds value through collaboration, taking on higher risks and rewards.

Additionally, this model optimises workflow and increases production at the lowest cost per BOE (barrels of oil equivalent). Through increased collaboration, capital efficiency, and technological developments, Halliburton will continue to demonstrate commercial strength and growth across all areas.

Halliburton’s strength and ability to support oil and gas producers lies in how it collaborates and engineers solutions to maximise asset value for its customers. One example is the UC Gas Stimulation Services project in the Middle East. Globally, it is the largest unconventional project for integrated Lump Sum Turn Key hydraulic fracturing and well intervention services.

By utilising an integrated services approach, including project management, hydraulic fracturing, coil tubing, wireline and perforating, completion tools, and testing services, Halliburton enabled increased recovery and production.

We are proud Halliburton has been named the Oilfield Service Company of the Year. It is an honour to receive such a highly regarded industry award as Halliburton celebrates 100 years of service. This award represents how Halliburton has effectively demonstrated the ability to collaborate with our customers and align with them to execute projects successfully throughout the MENA region,” said Ahmed Kenawi, senior vice president, MENA region, Halliburton.

“Our success is based on our ability to continuously utilise technological innovation and collaboration to increase our reliability and enhance our workflow. MENA is a significant region for Halliburton, and we look forward to building on our vast history as we continue to deliver a superior customer experience.”

The ‘highly commended’ nomination in this category is for ADES International.

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