Global energy company Halliburton has announced at a regional energy conference in the Kingdom of Bahrain the opening of a corporate headquarters office in the United Arab Emirates.
Halliburton Chairman, President and Chief Executive Officer Dave Lesar will move to Dubai to lead the company’s efforts in growing Halliburton’s business in the Eastern Hemisphere, an important market for the global oil and gas industry.
Halliburton said that the opening of a headquarters in Dubai is the next step in a strategic plan announced in 2006 to focus on expanding its customer relations with national oil companies while concentrating more of the company’s investments and resources in growing its business in the Eastern Hemisphere.
Based in Dubai, Lesar will work closely with Halliburton Eastern Hemisphere Senior Vice President Ahmed Lotfy to further strengthen the company’s activities in the Middle East, Africa, Asia Pacific and Europe/Eurasia regions.
“As we invest more heavily in our Eastern Hemisphere presence, we will continue to build upon our leading position in the North American gas-focused market through our excellent mix of technology, reservoir knowledge and an experienced workforce,” explains Lesar. “Our talented Western Hemisphere leadership will continue to grow this area of our business.
“The Eastern Hemisphere is a market that is more heavily weighted toward oil exploration and production opportunities and growing our business here will bring more balance to Halliburton’s overall portfolio.
“This is already a strong market for Halliburton and we are excited to position the company in this key business area,” he added.
Founded in 1919, Halliburton is one of the world's largest providers of products and services to the energy industry. The company will continue to maintain a corporate office in Houston.
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