Gazprom, Halliburton sign cooperation deal

|By:, SA News Editor

Gazprom (OGZPY.PK) signs a technological cooperation deal with Halliburton (HAL) to exchange data and know-how on using innovative technology, including for work on hard-to-recover resources.

Gazprom says it wants to raise its annual hydrocarbon production to 100M boe by 2020; more than half the total would come from the use of new technologies to make up for declining output at Soviet-era fields.