Halliburton enters fracking joint venture in China
by The Associated Press
Halliburton, which provides drilling services to oil and gas operators, will create the joint venture with an SPT Energy Group affiliate
NEW YORK—Diversified energy services provider Halliburton is entering its first hydraulic fracturing joint venture in China.
The Houston-based company said it will create the joint venture with an affiliate of SPT Energy Group. The venture will focus on hydraulic fracturing and production enhancement services in Xinjiang, China.
Halliburton said the companies have worked together for seven years.
Hydraulic fracturing frees gas from deep rock deposits by injecting wells with chemical-laden water at high pressure.