Halliburton Opens Technology Center in India

Halliburton inaugurated its first globally-focused Technology Center outside North America and Europe. The 5,575 square meter (60,000 square foot) facility, approximately 170 kilometers (106 miles) southwest of Mumbai, is designed to facilitate global research and development across Halliburton's Completion and Production, and Drilling and Evaluation divisions.

The Pune facility complements the Company's existing globally focused research and development centers in Houston; Duncan, Okla.; and Carrollton, Texas. Working in concert with fellow research and scientific colleagues, personnel in Pune collaborate through analytical study and hands-on applications in state-of-the-art laboratories to further advance Halliburton's global expertise, particularly in the areas of production enhancement, completion tools, drilling fluids and the Company's founding business of cementing.

"We are excited to open the facility in Pune today, launching a greater offering of innovation and benefits to our customers worldwide," said Andy Lane, Executive Vice President and Chief Operating Officer, Halliburton. "Our expanded presence in India is testimony to our commitment to continue strengthening our relationships with our Eastern Hemisphere customers and delivering local products and services to meet and exceed their needs."

Currently, Halliburton plans to open a second Eastern Hemisphere-based technology center in Singapore in 2008.

Dr. Vikram (Vik) Rao, Senior Vice President and Chief Technology Officer, Halliburton, added: "The quality and talent of our scientific personnel in Pune are a superb addition to our global technological capabilities and resources. The Pune team adds tremendous value and reach to integrate our technology offerings worldwide," said Rao.