Halliburton Manufacturing transitioning to repair facilities outside of the USA?

Rumor has it the consolidation of the Mfg centers that have closed in 2020, are not the end of the North America consolidation. Rather, the beginning of a very long term move away from North American manufacturing to bolstering the repair centers of the UK, UAE, LAR, and Asiapac.

In the end game, you will probably only see Duncan Mfg running to continue maintaining the Frac fleet servicing North American Operations. However, D&E PSLs like Sperry and Drillbits will be manufactured and repaired outside of the USA due to the higher profitability of those tools Internationally.

This makes sense when you analyze the current American political stance on Energy production, the recent North American consolidations, and the expansion of facilities outside of the USA.

Focusing revenue generating abilities on the better margins can mean a brighter future for Halliburton and its shareholders.

Thoughts? Evidence for? Arguments against?

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Carrollton surplus auctioned off yesterday. Actually saw this on craigslist

FEATURING: (59) Late Model Mori Seiki, Okuma, Mazak, Weiler, Makino and Niigata CNC Turning/Milling Centers, CNC Lathes, HMCs and VMCs, (2) EDMs, (6) Horizontal & Vertical Bandsaws, Grinders, Sunnen Horizontal Hones, Breakout Machines

I saw they were hiring for several positions at the manufacturing facility. Crazy as they just cleaned house not long ago. This would be best if they would just offer rotational as it's only temporary before they layoff everyone again. No need for anyone to relocate there unless they already live there, worked there before as we all know it's not going to last. Grab some popcorn, the circus continues!

what about the expat toadies in singapore...pricey digs for a job that can be done better by singaporeans

What a joke!!!!!

Jeff Miller and his toadies (Board,ELT,PLEPers,) have done well for themselves....CVA, ROI.
management of change.....

More ‘restructuring’ on the horizon.

Won’t need perf charges if you aren’t fracking

Yes, makes perfect sense and would be a gut punch to the few who didn’t see the world beyond the US.

Perforating charges, can they be manufactured and delivered into the US?

Thread regarding Halliburton Co. layoffs

Halliburton Manufacturing transitioning to repair facilities outside of the USA?

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