Halliburton and Chinese private oilfield service provider SPT Energy have signed their joint venture deal to establish hydraulic fracturing specialist Xinjiang HDTD Oilfield Services.
As Upstream first reported in April, the two companies who are already partners in oilfield services are joining forces to bring modern fracking to the hydrocarbon-rich western Chinese province.
Halliburton chairman Dave Lesar told the signing ceremony in Beijing that the services giant would bring “a suite of integrated, comprehensive solutions to the challenge of developing China's unconventional reservoirs”.
The two companies have collaborated in the past seven years on bringing high-end completion services to the province’s Tarim basin, where SPT has been an oilfield technical services contractor for 20 years.
The duo is expected to begin by providing fracture stimulation for China National Petroleum Corporation in the Tarim basin.