Naftogaz and Halliburton boost strategic cooperation

Naftogaz Group is strengthening its strategic cooperation with American’s Halliburton, one of the world's largest oilfield services providers, to unlock the new potential of Ukraine's fields. This was discussed at a meeting between Oleksiy Chernyshov, Chairman of the Board of NJSC Naftogaz of Ukraine and Joe Rainey, President of Halliburton in the Eastern Hemisphere, which took place today, on 24 November 2022.

Pro-active cooperation of the Group with Halliburton started in 2018. The American partner provided Ukrgasvydobuvannya with sidetracking services. These operations helped the company to arrange a significant additional production, primarily at the "old" wells and depleted fields.

Currently, Ukrgasvydobuvannya is interested in starting the application of horizontal drilling technology, which can contribute to a rapid increase in gas production at the fields – both, new and those that have been in operation for a long time.

Your support and visit to Kyiv is a powerful signal for the entire market and the world. I am grateful to the US government, the American people and you personally for your comprehensive support of Ukraine. We really appreciate it. Our cooperation is extremely important and we are doing our best to improve and expand it. We see our future together as my task is to turn Naftogaz into a self-sufficient successful company with a strong reputation," Oleksiy Chernyshov said. 

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Halliburton is one of the world's largest suppliers of products and services for the energy industry. Founded in 1919, the company operates in more than 70 countries and has more than 60,000 employees. The company provides services and helps to maximize value throughout the entire life cycle of a field - from hydrocarbons localization and geological data management to drilling and formation evaluation, well construction and completion as well as production optimization throughout the asset's life cycle.

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