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Halliburton's CEO David Lesar moves to Dubai

US oil services giant Halliburton announced at a regional energy conference in the Kingdom of Bahrain the opening of a corporate headquarters office in the United Arab Emirates. Halliburton Chairman, President and Chief Executive Officer Dave Lesar will move to Dubai to lead the company's efforts in growing Halliburton's business in the Eastern Hemisphere, an important market for the global oil and gas industry. Based in Dubai, Lesar will work closely with Halliburton Eastern Hemisphere Senior Vice President Ahmed Lotfy to further strengthen the company's activities in the Middle East, Africa, Asia Pacific and Europe/Eurasia regions.

During 2006, more than 38 percent of Halliburton's US$13 billion oil field services revenue was generated from the Eastern Hemisphere. The area encompasses four regions with more than 16,000 employees, more than 80 percent of which are localized.



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