Halliburton breaks ground for new technology center

Tuesday, August 16, 2011

Halliburton (NYSE: HAL), a provider of products and services to the energy industry, has broken ground at the site for its new technology center at the Universidade Federal do Rio de Janeiro (UFRJ) Technology Park, the former said in a statement.

The new, 7,062m2 center will have three floors and include specialized laboratories, a collaboration room, a testing area, and conference and training rooms.

"It's an excellent opportunity for our company to collaborate with leading Brazilian universities and customer research centers to solve subsurface challenges in an innovative and economical manner," said Tim Probert, Halliburton's president of strategy and corporate development.

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Halliburton has been in Brazil for more than 50 years, providing services and products to its customers from nine locations and employing more than 1,800 people in the country.