Dateline 2012-11-20:
Oil field service major Halliburton (NYSE:HAL) is making progress into Malaysia’s oil and gas industry. Earlier this month, the firm’s subsidiary Halliburton Bayan Petroleum (HBP) signed a deal with Petronas Carigali Sdn Bhd, the exploration and production arm of state-controlled oil giant Petronas, to provide services to boost production from mature wells in the Bayan Field off the coast of Malaysia. The deal is estimated to be worth $1.2 billion and will span over 24 years. Dialog, a Malaysian oil and gas engineering services firm, has picked up 50% equity stake in HBP and will partner with Halliburton to provide services in these fields.
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Wata - Malaysian Oil and Gas Engineer 