An article in El Proceso online written by Jenaro Villomil.
Mexico, D.F., October 28
Without doubt, one of the giant oil businesses which breathed easier after the passage of the new Pemex law was the powerful northamerican
transnational, Halliburton.
Among the principle stockholders of this company you find George W. Bush and Dick Cheney who himself has 433,000 shares of the corporation over which
he presided before the year 2000, and to which he will return after the foreseeable [ojalá] Republican defeat in the presidential elections coming up.
Among the reasons for relief that the great and powerful stockholders of Halliburton feel is the fact that the reforms approved in the [Mexican]
Senate and Chamber of Deputies will not affect inthe least the 81 contracts that Halliburton has received from Pemex since 2000 worth a total of 4
billion dollars.
Of the 81 contracts that Halliburton has with Pemex, a total of 37 were signed directly, without any bidding process, 42 through an international
bidding process and two by direct invitation.
The last big contract Halliburton received was signed by Pemex in January of 2008 for 683 million dollars.
Thanks to this contract, Halliburton will drill and drain dry 58 oil wells in the same zone, that is to say, in one single block of wells in the south
of the country which possesses 16% of the total national production of crude, according to the information provided by Pemex Exploración y Producción
(PEP).
The 58 wells Halliburton has drilled and exploited since January, 2008 are located...in Tabasco, the south of Veracruz and part of Chiapas.
In 2003 in the Zone of Reform, chiapas, Halliburton obtained contracts for 20 million dollars to expand the infrastructure of natural gas in that
zone. El Frente de Trabajadores de Energía (a union of energy workers) said that, thanks to this "alliance" with Pemex, Hallaburton hired 1250
workers and subcontracted for thousands more. Halliburton has offices in Ciudad del Carmen, Reynosa, Poza Rica, Villahermosa and México, D.F.
In 2004 when current president Felipe Calderón was the Secretary of Energy, Halliburton received a contract for 95.3 million dollars to undertake
drilling and completion of wells for projects with bids of Pideregas en the southern region, another block which was handed over to Halliburton.
....Regarding the recent contract of January 2008, Cris Gaut, president of Halliburton's division of drilling and evaluation said in a communication,
"For the next three years, the group managing the Halliburton projects will provide Pemex with integrated solutions for drilling and completion which
will use our strength and experience in technology and infrastructure to help Pemex overcome a series of difficulties in the drilling field."
Halliburton's optimism was so strong that it forecast, in March of 2007, that it would participate in the private refinancing of mexican petroleum,
one of the conditions in Calderón's original reform proposal that was rejected.
On March 19th of that year, Halliburton announced that it would open a factory in Monterrey, Nuevo León to satisfy the growing demand for refined
products and equipment for the exploration, production and transportation of petroleum.
After the results of petroleum reform in Mexico, Halliburton has begun to review the ins and outs which will permit it to expand on that which it
already had obtained since the government of Vicente Fox in Mexican territory.
jenarovi@yahoo.com.mx
jenaro villomil Proceso online 1 noviembre 2008
[Edited on 11-3-2008 by comitan]
[Edited on 11-3-2008 by comitan]
[Edited on 11-3-2008 by comitan]
[Edited on 11-3-2008 by comitan]
Drill Baby Drill
MrBillM - 11-2-2008 at 06:54 PM
Thanks for sharing the Good News about a Good Company.comitan - 11-2-2008 at 07:36 PM
The PEMEX article is meant to be informative, not for the Drivel of the Off Topic.
The entire article is politically slanted.
beercan - 11-2-2008 at 07:42 PM
It belongs in off topic !comitan - 11-2-2008 at 07:48 PM
I have edited out the portions not pertaining to Mexico, it does belong here.
Exploit those Resources
MrBillM - 11-2-2008 at 08:35 PM
The More the Better.
Viva Halliburton. A shining example for what Corporate America should be.dao45 - 11-2-2008 at 08:36 PM
Here we go again2-tie-dye-4 - 11-2-2008 at 09:43 PM
I hear ya, Rodorado, and I'm just adding fuel to the fire if I expound. But I'm prolly gonna. heeheheheeehehehe2-tie-dye-4 - 11-2-2008 at 09:53 PM
Hey beercan, isn't your signature politically slanted??? I'm just half past newbie, so maybe there's a joke here that I don't get??BornFisher - 11-2-2008 at 10:26 PM
Quote:
Originally posted by comitan
I have edited out the portions not pertaining to Mexico, it does belong here.
Really? You neglected to edit this---
Among the principle stockholders of this company you find George W. Bush and Dick Cheney who himself has 433,000 shares of the corporation over which
he presided before the year 2000, and to which he will return after the foreseeable [ojalá] Republican defeat in the presidential elections coming up.bigboy - 11-3-2008 at 08:06 AM
Halliburton is a great company that employees 55,000 people worldwide. I've bought and sold the stock for more than 20 years and have used some of the
profits to buy my house in Mexico.
Halliburton was a great company long before Dick Cheney became involved in it's operation. As far as Cheney shares in the company, 433,000 shares only
amounts to about eight million dollars at toady's price. Not a lot compared to other CEO's of major corporations.
