Halliburton Acquires Burservice of Russia

Halliburton has entered into a definitive agreement with the shareholders of OOO Burservice (Burservice) to purchase the entire share capital of the company. This agreement is subject to receipt of necessary regulatory approvals.

Founded in 2004, Burservice is a leading provider of directional drilling services in Russia. The company is headquartered in Usinsk, Republic of Komi, and has approximately 100 employees.

"Burservice, through its exceptional employees, has established an outstanding reputation for service quality in the Timano-Pechora region of Russia. We look forward to building on the company's historical growth through the addition of Halliburton technology," said Brady Murphy, vice president of Sperry Drilling Services.