HALLIBURTON
of the world ’ s oil and gas production , with many in the secondary or tertiary production phases . The Halliburton strategy in this segment is focused on integrated solutions that enable customers to realise greater recovery potential by improving performance on existing wells , optimising reservoir management , and identifying new profitable areas in the reservoir . The company ’ s integrated project management strategy in mature fields is paying off with significant project awards , and with a robust pipeline of integrated project management contracts , it is well-positioned for growth .
The final key area is deep water . In the last decade , 60 percent of global oil discoveries have been in deep water . Although the Middle East and North Africa have few opportunities in this arena , the region still merits attention , Kenawi noted . In this challenging arena , the strategic aim is to grow market share by employing leading-edge capabilities to help eliminate uncertainties and ensure ultrareliability for customers at every stage of the exploration and development process . There have been headwinds in the deepwater market as a result of higher costs and lower energy
44 April 2016