MARKETS

Halliburton enters China

FRACCING pioneer Halliburton has struck its first fraccing-related joint venture in China.

Blair Price

The JV with an affiliate of SPT Energy Group will target hydraulic fracturing and production enhancement services in China’s Xinjiang province, Halliburton said.

Halliburton chairman, president and CEO Dave Lesar attended the Beijing ceremony for the new venture.

“Halliburton looks forward to strengthening our partnership with SPT Energy Group by bringing a suite of integrated, comprehensive solutions to the challenge of developing China’s unconventional reservoirs,” he said.

“Our basin-specific knowledge, industry-leading technologies and expert people have solved unconventional challenges around the world, and we are excited about growing our presence in China.”

SPT Energy Group has provided oilfield technical services to Xinjiang’s Tarim oilfield for 20 years and has collaborated with Halliburton over the past seven years.

“By 2025 the total barrels of oil equivalent in the Tarim oilfield is expected to be 50 million tonnes, while total BOE throughout Xinjiang province is expected to reach 100 million tonnes and account for up to one-third of China’s BOE,” Halliburton said.

TOPICS:

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Monthly Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Monthly Intelligence team.

editions

Mining Magazine Intelligence Future Fleets Report 2024

The report paints a picture of the equipment landscape and includes detailed profiles of mines that are employing these fleets

editions

Mining Magazine Intelligence Digitalisation Report 2023

An in-depth review of operations that use digitalisation technology to drive improvements across all areas of mining production

editions

Mining Magazine Intelligence Automation Report 2023

An in-depth review of operations using autonomous solutions in every region and sector, including analysis of the factors driving investment decisions

editions

Mining Magazine Intelligence Exploration Report 2023 (feat. Opaxe data)

A comprehensive review of current exploration rates, trending exploration technologies, a ranking of top drill intercepts and a catalogue of 2022 Initial Resource Estimates and recent discovery successes.