Halliburton

SWOT Analysis on Halliburton Oil Services

Halliburton Services is the focus of this analysis

Industry:

Halliburton Services is a leading oil and gas services company providing various services to the exploration and production segment of the energy industry. The firm is one of the few big name firms in that segment which has operations on a global scale. The customer base consists of major oil and gas producing firms around the world. The firm reports via two major operating segments Completion / Production and Drilling/Evaluation.

The Completion and Production segment delivers cementing, stimulation, intervention, pressure control, specialty chemicals, artificial lift, and completion services. The Drilling/ Evaluation segment provides field and reservoir modeling, drilling, evaluation, and well optimization services.

Strengths:

Halliburton has extensive global experience and technology that makes it a major player in the industry. Over the years it has made strategic acquisitions and technological investments that would enable the firm to offer integrated drilling solutions that optimize well operations at reduced costs for its customers. Halliburton has successfully implemented this strategy and hence, a customer could obtain substantially greater well performance and reduced levels of nonproductive time by standardizing on Halliburton's services rather than mixing services from multiple services providers.

Halliburton's services portfolio offers pressure-pumping services, drill bits, and integrated project management efforts. Its services are typically used to extract oil and gas from wells, which is an effort that has grown more complicated with the increased complexity and depth of the oil and gas reservoirs under development. The value in Halliburton's packaged services approach is that it doesn't just bolt together the various technologies, but it uses proprietary work flows and input from different drilling disciplines to build a compelling...