Ultraline is a significant provider of wireline services in Canada and is known for its expertise in cased hole wireline and production logging services. Under the terms of the agreement, Halliburton paid US$177 million.
With more than 45,000 employees in nearly 70 countries, Halliburton's Energy Services Group serves the upstream oil and gas industry throughout the life cycle of the reservoir - from locating hydrocarbons and managing geological data, to drilling and formation evaluation, well construction and completion, and optimizing production through the life of the field.
Halliburton, founded in 1919, is one of the world's largest providers of products and services to the petroleum and energy industries.
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