HALLIBURTON will help provide hydraulic fracturing and production enhancement services in Xinjiang, in China’s north west, after forming a joint venture with a Chinese company.
Xinjiang HDTD Oilfield Services, the joint venture with Hong Kong-listed SPT Energy Group affiliate Petrotech (Xinjiang) Engineering Company, is Halliburton’s first for hydraulic fracturing services in China.
The new company will provide fracture stimulation services, including design and analysis, data acquisition, and pumping and chemical services in the Xinjiang Uygur Autonomous Region.
Halliburton chief executive Dave Lesar said the company was excited about growing its presence in China.
“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.
Halliburton’s vice president for China, David Zeng, said there would be great opportunities for the parallel development of conventional and unconventional resources in China over the next decade.
“SPT’s strong client relationships combined with Halliburton’s technical expertise positions Xinjiang HDTD to be the leading service provider as we develop westward,” he said.
SPT Energy Group has provided oilfield technical services in Xinjiang’s Tarim oilfield for 20 years, with a market share ranked first among privately-owned companies.
The company had cornered 75 per cent of the market share in high-end completion services in the field, Halliburton said, adding that SPT’s collaboration with Halliburton over the past seven years had helped.