East West ties up with Halliburton for shale plays
11/21/2011 12:00:00 AM
East West Petroleum Corp. announced today that it has entered into a contractual agreement with Halliburton. This collaborative effort will target potentially rich shale plays in North America, Europe and a limited number of other selected geographic areas.
Halliburton has extensive experience in unconventional plays ranging from assessment through execution. East West Petroleum's goal is to continue to secure acreage positions in unconventional resource plays and work with Halliburton to assess and develop its assets.
Under the terms of the agreement, East West Petroleum will benefit from Halliburton's global workforce, infrastructure and solutions for optimizing value from unconventional reservoirs, while maintaining high environmental standards.
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