SGS AND HALLIBURTON SIGN JOINT AGREEMENT TO PROVIDE RESERVOIR FLUID ANALYSIS SOLUTIONS FOR THE ENERGY INDUSTRY

1/14/2010, 7:00 AM (Source: GlobeNewswire)

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SGS / SGS AND HALLIBURTON SIGN JOINT AGREEMENT TO PROVIDE RESERVOIR FLUID ANALYSIS SOLUTIONS FOR THE ENERGY INDUSTRY processed and transmitted by Hugin AS. The issuer is solely responsible for the content of this announcement.

SGS SA and Halliburton have entered into a Joint Cooperation Agreement combining
formation fluid sample acquisition and analysis services.  Halliburton will
provide a comprehensive suite of solutions for acquiring fluid samples, and SGS'
Oil, Gas and Chemicals division will deliver a full range of fluid analysis
services.

Through this agreement, our clients will have access to the industry's most
complete and innovative solutions, including portable laboratory services, for
the acquisition, analysis and independent quality control of production and
reservoir fluid samples. Customers will get timely and impartial data to help
with wellbore placement, facility design and pipeline setup decisions.

"Our cutting edge technology and recognized independence combined with
Halliburton's leadership position and technical expertise in the energy sector
now provides our customers with an unparalleled suite of solutions to their
oilfield challenges," says Christopher Kirk, Chief Executive Officer of SGS.
"This agreement is an important step toward our goal to become the major player
in the provision of analytical solutions to the upstream exploration and
production market".

"Halliburton knows that the industry requires a comprehensive fluid sampling and
analysis solution," said Tim Probert, President, Drilling & Evaluation Division.
"The agreement with SGS gives Halliburton access to state-of-the-art,
independent laboratory services that allow us to meet this need."

Halliburton and SGS are currently providing the joint fluid sample collection
and analysis service to a client offshore Africa, helping the operator make
critical decisions about production facilities design faster and with greater
confidence.

About SGS

The SGS Group is the global leader and innovator in inspection, verification,
testing and certification services. Founded in 1878, SGS is recognized as the
global benchmark in quality and integrity. With more than 56'000 employees, SGS
operates a network of over 1'000 offices and laboratories around the world.

About Halliburton

Founded in 1919, Halliburton is one of the world's largest providers of products
and services to the energy industry. With more than 50,000 employees in
approximately 70 countries, the company serves the upstream oil and gas industry
throughout the life cycle of the reservoir - from locating hydrocarbons and
managing geological data, to drilling and formation evaluation, well
construction and completion, and optimizing production through the life of the
field. Visit the company's Web site at www.halliburton.com
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SGS
1 place des Alpes
P.O. Box 2152 Geneva 1 Switzerland

WKN: 870264;ISIN: CH0002497458;

Press release (PDF): http://hugin.info/100354/R/1373352/336452.pdf


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