Gazprom’s Oil Arm Signs Strategic Deal With Halliburton

MOSCOW, August 13 (RIA Novosti) – Gazprom Neft, the oil arm of Russia’s state-owned gas monopoly, has signed a strategic cooperation agreement with US energy services giant Halliburton to facilitate technological exchanges that will help increase production, the Russian company said Tuesday.

“One aspect of cooperation will be special technical seminars for employees of Gazprom Neft, with the aim of getting to know the main ways in which Halliburton uses its technology,” Gazprom Neft said in a statement posted on its website. “Some of the most important topics will concern work with tight oil reserves, unconventional resources and deep-water drilling.”