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What is the history of Halliburton Oil?

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Quick Answer

Halliburton, a global company that offers services and products to the oil industry, started in 1919 in Duncan, Oklahoma under the leadership of Erle P. Halliburton. His original company consisted of a wagon, mixing box and a pump and offered oil well cementing. In 2007, the company established Eastern and Western Hemisphere operations and divided itself into two divisions, Completion and Production, and Drilling and Evaluation.

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The 1930s brought Halliburton's first research laboratories. These laboratories saw experiments in perfecting cement mixes, breaking down limestone formations through acids, and increasing oil and gas production. The company also earned its first off-shore cementing job, which took place in the Creole Field in the Gulf of Mexico.

During the 1940s, the company expanded its scope of operations into Venezuela, Colombia, Ecuador, Peru and the Middle East. In 1946, the company began working with the Arabian-American Oil Company. In 1951, Halliburton began a subsidiary in Italy named Halliburton Italiana SpA, and within the next seven years set up a German subsidiary, Halliburton Company Germany GmbH.

In 1984, Halliburton began work on an oil rig off the shore of China, and in 1986, the company became the first American company to work an oilfield job in China. In 1991, following the end of the Cold War tensions, Halliburton opened an office in Moscow, Russia.

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