Halliburton Sells Westport Technology Center to Intertek Caleb Brett
Halliburton's Energy Services Group has reached an agreement to sell its Westport Technology Center to Intertek Caleb Brett, a division of Intertek Group plc (FTSE:ITRK), a global leader in outsourcing, testing, inspection, certification and related services. Intertek has acquired the assets, contracts, technology and intellectual property assets of Westport Technology Center International.
Westport Technology Center delivers comprehensive upstream technical services to the global Oil and Gas Exploration and Production industry, including expertise in drilling fluids, flow assurance, reservoir fluids, well productivity, materials, corrosion, geochemistry, geology, hydrates, and more. Westport's management team and staff will continue to run the business integrated into Intertek Caleb Brett's global laboratory network, from which it will further expand and internationalize the services from Westport's main facility in Houston.
Westport augments Intertek's global ability to supply exploration and production customers with value-added solutions through integrated and discrete products, services and project management.
Jim Renfroe, senior vice president for Halliburton's Production Optimization Division, said, "This sale, part of Halliburton's previously announced plan to divest non-strategic assets, will combine the analytical services of Westport with a worldwide provider of laboratory services and will further assist operators with their goal to optimize reservoir production, while minimizing exploration risk."
The agreement with Intertek provides Halliburton access to a source with global reach.
Intertek Caleb Brett Chief Executive Mark Loughead commented,
"Westport makes an excellent addition to Intertek's strategic growth
in global oil and gas exploration and production services. The growth
opportunities in the oil and gas business complement and expand our
business offering with new technical expertise, technologies, testing
capabilities and customers. We value the continuing relationship with
Halliburton, which will remain an important client for Westport. Caleb
Brett will provide Westport with the resources and global
infrastructure to grow upstream services internationally."
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