8/13/2019 Halliburton History

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ounded in 1919, Halliburton is one of the world's largest providers of products and servicesto the oil and gas industry. It employs more than 75,000 people, representing 140

nationalities in approximately 80 countries.

Halliburton's fascinating and proud history reveals a

continuous focus on innovation and expansion that beganwith the company's founder, Erle P. Halliburton. After

borrowing a wagon, a team of mules and a pump, he built a

wooden mixing box and started an oil well cementingbusiness in Duncan, Oklahoma.

In the 1930s, Halliburton established its first research

laboratories where the company tested cement mixes, began offering acidizing services to

break down the resistance of limestone formations and increase the production of oil and

gas, and performed its first offshore cementing job using a barge-mounted cementing unitat a rig in the Creole Field in the Gulf of Mexico. This was the beginning of what was to

become the world's most extensive offshore service.

Halliburton took the initial steps toward becoming a worldwide company in 1926. We sold

five cementing units to an English company in Burma, the start of our Eastern Hemisphereoperations, and Erle P. Halliburton sent his brothers to open our business in Alberta,

Canada. We opened in Venezuela in 1940. By 1946, the company using its innovative

technologyhad expanded into Colombia, Ecuador, Peru and the Middle East and began

performing services for the Arabian-American Oil Company, the forerunner of SaudiAramco.

In 1951, Halliburton made its first appearance in Europe as Halliburton Italiana SpA., a

wholly owned subsidiary in Italy. In the next seven years, Halliburton launched Halliburton

Company Germany GmbH, set up operations in Argentina and established a subsidiary inEngland.

In 1984, Halliburton provided all of the well completion equipment for the first multiwell

platform offshore China. Two years later, Halliburton became the first American company

to perform an oilfield service job on the China mainland

The final decade of the 20th century brought more changes and growth to Halliburton. Thecompany opened a branch office in Moscow in 1991.

The company realigned its work into Eastern and Western Hemisphere operations in 2006,

and in 2007, divided its service offerings into two divisions: Completion and Production,

and Drilling and Evaluation.

Today, Halliburton offers the world's broadest array of products, services and integratedsolutions for oil and gas exploration, development and production.