MIDDLE EAST integration and considerations .”
Turnkey drilling — the delivery of well stages for a fixed , lump-sum price — is becoming widespread in the Middle East . This requires the contractor to accept more risks with drilling the well , while shielding the operator from most operational risks . While a risk-averse nature in both operator and contractor may promote behaviors that lead to poor drilling performance with a turnkey drilling contract , a collaborative and integrated approach between operator and contractor could lead to improved performance . “ Today we operate 70 well construction and 44 integrated well intervention rigs worldwide ,” Kenawi says , “ and our customers continue to appreciate the value of increased collaboration .”
Halliburton invests massively in research and development . The company ’ s commitment to the Middle East region is highlighted by the inauguration of the new
Unconventional and Reservoir Productivity Technology Center in Saudi Arabia earlier this year , at the King Fahd University of Petroleum and Minerals . The new center enables Halliburton to provide state-of-the-art research and development solutions for conventional and unconventional reservoirs addressing challenges both in the kingdom and across the region . The center provides a base for developing strong relationships with local universities such as KFUPM in developing technology — relationships that are expected to lead to employment and training opportunities for Saudi technicians and university graduates . In addition , Kenawi says , the center is expected to provide technology and solutions to existing and future partners around the globe , contributing to the development of local workforces and national economies .
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