Halliburton awards multimillion dollar software grant to King Fahd University for Petroleum and Minerals

HOUSTON – Landmark, a Halliburton (NYSE: HAL) business line, today announced a multimillion dollar educational software grant to King Fahd University for Petroleum and Minerals (KFUPM), a leading public university in Saudi Arabia.

The software grant is delivered through Landmark’s University Grants Program which contributes renewable software licenses to qualified academic institutions worldwide. The King Fahd University grant term runs from December 2016 through December 2019. KFUPM students will have access to Landmark’s DecisionSpace® enterprise platform, the industry’s only integrated E&P software suite, in addition to other programs across drilling and reservoir disciplines.

Through their usage of the platform, students will gain hands-on experience to bridge the gap between academic theories and practical application combined with technical mentoring sessions facilitated by Landmark personnel. DecisionSpace is founded on a consistent model of the subsurface that enables all geoscientists to interpret data on a single platform including exploration, drilling, completion and production so students can learn across a diverse set of disciplines.

"Halliburton is proud to offer this opportunity to train the next generation of scientists and engineers in the oil and gas industry," said Ahmed Kenawi, senior vice president of the Middle East and North Africa Region. "Along with our academic partners, we recognize the value that real-world applications provide students in their journey to becoming successful employees following graduation and hope this opportunity will inspire them to pursue a career in the oil and gas industry."

The grant aligns with Halliburton’s support of Saudi Aramco’s In Kingdom Total Value Add Program (iktva), a strategic initiative to increase localization of goods and services including training and employment opportunities for Saudi citizens.

Landmark contributes software to more than 200 universities worldwide to support teaching and research.

About Halliburton

Founded in 1919, Halliburton is one of the world's largest providers of products and services to the energy industry. With approximately 50,000 employees representing 140 nationalities, and operations in approximately 70 countries, the company serves the upstream oil and gas industry throughout the lifecycle of the reservoir – from locating hydrocarbons and managing geological data, to drilling and formation evaluation, well construction, completion and production optimization. Visit the company's website at www.halliburton.com. Connect with Halliburton on Facebook, Twitter, LinkedIn and YouTube.