Halliburton Co., the world’s second largest supplier of oilfield services has teamed up with the E&P arm of Petronas, Petronas Carigali Sdn Bhd, in order to explore possible shale resources in the Asia Pacific region.
A framework agreement, which covers the evaluation and development of global shale resources and the construction of a shale technical centre in Kuala Lumpur, was signed earlier in the year.
Although shale drilling has been largely confined to North America, the process is starting to spread across the globe as exploration for economically viable hydrocarbons continues at an ever-increasing pace.
Halliburton is already one of the leaders in the North American shale industry and, according to the company, it wants to spread this lead to emerging markets across the globe. With 5600 staff already in working in the Asia Pacific region, the company looks well placed to expand its operations.
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