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HALLIBURTON'S CHATTERJI NAMED 2003 INNOVATOR OF THE YEAR
DUNCAN, Oklahoma - Jiten Chatterji, a chief research scientist at Halliburton's (NYSE: HAL) Duncan Technology Center, has been named "2003 Innovator of the Year" by the Oklahoma Bar Association Intellectual Property Law Section. Chatterji, an employee of Halliburton and resident of Duncan, Oklahoma for the past 36 years, received the award for one of his many intellectual property innovations. Some 192 international patent applications have been filed and/or issued from Chatterji's research. Chatterji has 98 U.S.-issued patents and 17 applications currently pending before the United States Patent Office. In the past eight years, he has received 82 U.S. patents, which is an average of one patent approximately every five weeks.
The patent that gained the 2003 Innovator of the Year award for Chatterji covers a cement foamer, an additive for foaming and stabilizing a cement slurry. The foamer is used in carrying out primary cementing as well as remedial cementing operations in well bores where light weight cement slurry is needed to prevent excessive hydrostatic pressure from being exerted on subterranean formations penetrated by the well bore. Since its inception in 1999, gross receipts from the sale of the cement foamer are in excess of $10 million.
"Halliburton is known in the oilfield sector as a leader in providing innovative solutions, said Gary Moore, vice president, Cementing, Halliburton Energy Services. "It is because of Jiten and other scientists within the Halliburton technology centers that the company maintains its leadership position in innovation.
"Jiten is deserving of the recent recognition bestowed upon him for his individual contributions, which have led to the development of many new products and services in the Cementing Product Service Line. I am excited for him and his family for receiving this honor."
Chatterji holds a bachelor of science degree in chemistry and a master of science degree in organic chemistry from the University of Patna in India and a doctorate in physical organic chemistry from the University of Wyoming. Other awards he has received include the Houston Intellectual Property Law Association Outstanding Inventor Award in 2001 and the Certificate of Distinguished Achievement presented by the Southwest Oklahoma Advanced Technology Association in 2002.
Halliburton Energy Services, a business unit of Halliburton, provides products, services, and integrated solutions for oil and gas exploration, development, and production. Capabilities range from initial evaluation of producing formations to drilling, completion, stimulation, and well maintenance - for a single well or an entire field. With more than 300 service centers in more than 100 countries, Halliburton possesses the global perspective that is increasingly important for energy exploration and production.
Halliburton, founded in 1919, is one of the world's largest providers of products and services to the petroleum and energy industries. The company serves its customers with a broad range of products and services through its Energy Services Group and Engineering and Construction Group business segments. The company's World Wide Web site can be accessed at www.halliburton.com.
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