Gazprom's Oil Arm Signs Strategic Deal With Halliburton
Source: RIA Novosti
Gazprom Neft, the oil arm of Russia’s state-owned gas monopoly, has signed a strategic cooperation agreement with US energy services giant Halliburton to facilitate technological exchanges that will help increase production, the Russian company said Tuesday.
... The agreement is the latest development in an increasingly close relationship between Russia’s Gazprom, which controls over 95 percent of Gazprom Neft, and the US contractor. Last year Halliburton signed a similar agreement with Gazprom International, the gas monopoly’s international arm, and in May last year Halliburton won a $95 million tender from Gazprom Neft to complete 12 wells being drilled by the company in Iraq.
... Halliburton, which claims on its website to have been involved in exploiting more than 80 percent of the world’s deep-water hydrocarbon discoveries, was a contractor on the Deepwater Horizon oil rig in the Gulf of Mexico in 2010 when the rig exploded, killing 11 people and causing the worst oil spill in US history. The company admitted in July that it had destroyed evidence about its involvement in the disaster.
Read more: http://en.ria.ru/russia/20130813/182745613/Gazproms-Oil-Arm-Signs-Strategic-Deal-With-Halliburton.html