Halliburton CEO Jeff Miller sits at the helm of the company at a momentous point in its history: the 100th anniversary this year of solving oil and gas field problems. In 1919 founder Erle P. Halliburton started an oil well cementing business in Duncan, Okla., with a borrowed wagon, a team of mules and a pump.
Today, Halliburton services E&P operations around the world, with 60,000 employees in 80-some countries.
“The biggest bets we make are on our people,” Miller said. “The business has changed many times over, but our company doesn’t thrive for 100 years without fantastic people.”
E&P recently spoke to Miller at the company’s headquarters in Houston.
Egypt expects investments of at least $750 million to $800 million in the first stage of exploration in the 12 concessions, Petroleum Minister Tarek El Molla said during a press conference.
The company also said it expects to generate substantial free cash flow in 2018, allowing it to initiate a dividend in the first-quarter of 2019.
Vietsovpetro, a Vietnam-Russia oil joint venture, has started crude oil production at the Ca Tam field offshore southern Vietnam, Vietnamese state oil firm PetroVietnam said on Jan. 28.