Halliburton Acquires OOO Burservice

Halliburton has closed the previously announced acquisition of the entire share capital of OOO Burservice.

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.

"Over the past several years, Halliburton has successfully expanded our directional drilling and measurement-while-drilling business in western Siberia, operating from our main base in the city of Nizhnevartovsk," said Simon Turton, Halliburton country vice president for Russia. "In addition to increasing our overall job capacity, this acquisition enables Halliburton to expand our operations to serve oil and gas customers in northern Russia, thanks to Burservice's outstanding reputation for service quality in Russia's Timano-Pechora region."

Founded in 1919, Halliburton is one of the world's largest providers of products and services to the energy industry. With nearly 50,000 employees in approximately 70 countries, the company 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.