Rick Tompkins, vice president, Halliburton International Inc., Russia, said: "Halliburton has been delivering services to SPD for two years and in so doing, has demonstrated service quality that corresponds to the highest Health/Safety/Environment standards. SPD's drilling the limit (DTL) approach challenges us to continuously improve our performance."
The SPD oilfields are located in Khanty-Mansiysk Autonomous Okrug, 120 kilometers southwest of Surgut. The oilfields include West Salym, Upper Salym and the Vadelyp fields. The estimated project implementation period is approximately 30 years. In terms of total investment -- US$1.25 billion -- the SPD project is one of the largest investment projects involving foreign capital in the Russian energy sector.
Halliburton, founded in 1919, is one of the world's largest providers of products and services to the petroleum and energy industries. The company serves its customers with a broad range of products and services through its Energy Services Group and KBR. Visit the company's World Wide Web site at www.halliburton.com.
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