Halliburton 2011 Annual Report Download - page 5

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David J. Lesar
Chairman of the Board,
President and Chief Executive Officer
Albert O. Cornelison, Jr.
Executive Vice President and
General Counsel
Mark A. McCollum
Executive Vice President
and Chief Financial Officer
Timothy J. Probert
President, Strategy and
Corporate Development
During the year, we secured key deepwater contract wins in East Africa, Vietnam, Malaysia, Australia, China
and Brazil, as well as other markets. We opened three new field offices in East Africa, setting the foundation for
future activity in this important deepwater basin.
Our outstanding service quality continues to be recognized by our customers. We believe that our strengthening
market position and service quality reputation will benefit us as newbuild deepwater rigs are deployed in 2012
and beyond.
MAXIMIZING MATURE-FIELD PERFORMANCE In mature fields, our new technologies are allowing our customers
to improve their hydrocarbon recovery rates economically. Halliburton’s Boots & Coots product service line offers
a unique new service to help clients efficiently perform stimulation and remedial operations to enhance production
in very long lateral wells. This PowerReachSM service combines coiled tubing and jointed pipe to deliver game-
changing technology in extended-reach applications.
Throughout 2011, we continued to build our capabilities to service mature fields, and we supported that effort
with several acquisitions that enable us to broaden the scope of our mature-field offerings. The most significant
of these was Multi-Chem, a premier provider of production and completion chemicals focused on production
assurance throughout the life of our customers’ wells. This acquisition will enable us to deliver additional value
to our customers and shareholders as we expand the global footprint of this product line.
BUILDING RELATIONSHIPS, DELIVERING RESULTS Every day, our focus is on delivering results for our customers,
and we believe that our performance was commendable in 2011. As proof of this, Halliburton was selected as one
of seven world leaders out of 40 companies in the Dow Jones Sustainability Index, winning Best in Class for Human
Capital Development, Standards for Suppliers, Corporate Governance, and Customer Relationship Management.
Looking forward, we continue to have a positive outlook for energy demand and related oilfield activity growth as
our customers invest in their resources and optimize their development plans focused on increasingly complex
projects. As such, we will continue expanding our capabilities and driving efficiency through technology and
logistical improvements to enable this growth.
Finally, we would like to thank our board of directors, employees, customers, suppliers and shareholders who have
enabled Halliburton to reach these new heights.
Technology permeates
its way across all of our
product service lines
2011 ANNUAL REPORT 03