from the market development , SPIDER took a leap of faith and begun seeking business opportunities outside Egypt . Thanks to the growing reputation of SPIDR for its cost effi ciency and precision , a big customer in Algeria has expressed an interest and invited us over to present our technology . The word quickly spread and after a few months of presentations and negotiations with other large companies , we have fi nally made a deal with our biggest and best client so far – Halliburton Consulting and Project Management Algeria .
At this point in late 2008 SPIDER proposed a new strategy of combining our technology with consulting business and support Halliburton in their efforts to pursue integrated asset management services . For this reason , we have transferred some of our technical staff from Egypt to Algeria .
Following the early success of this new SPIDER- Halliburton relationship , Halliburton has agreed to partner with SPIDER in creating a strong geoscience foundation . I order to enable it SPIDER has established a local branch ( Spider Algeria ). Thanks to the Algerian branch SPIDER became an exclusive supplier of talented resources and payrolling services which has helped satisfy the growing demand for Halliburton ’ s consultancy business and streamline the delivery of Halliburton projects without delay .
In the last three years , we have been expanding our business with Halliburton to Kuwait and Saudi Arabia where we are hoping to replicate the Algerian success – especially in the current times of austerity SPIDR may come handy to many clients looking for a greater cost-effi ciency .
To conclude , we are proud of being a supplier of Halliburton , its culture and business ethics principles and we are grateful to Halliburton for playing a key role in furthering SPIDER ’ s business success .
We are looking forward to continue our fruitful partnership for many years to come .
Sayed Shokeir Chairman Spider Egypt For Petroleum Services