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Halliburton Contributes $1.25 Million to the SEG Foundation to Create EVOLVE, an Early Career Learning Initiative for Oil and Gas Professionals

TULSA, Okla., Dec. 2, 2014 (GLOBE NEWSWIRE) -- Halliburton reinforced its dedication to the SEG Foundation with a $1.25 million gift, one of the largest single education gifts supporting SEG's Young Professional/Early Career learning initiative. The funding will create SEG/Halliburton EVOLVE, an initiative that will work with industry leaders to build and deliver a world class curriculum in a user-friendly environment. EVOLVE will emphasize geoscience workflow training to prepare students and early-career professionals for multidisciplinary asset teams throughout the E &P life cycle.

The SEG Board of Directors (BOD) adopted a Young Professionals initiative in 2014 to identify and deliver early-career education initiatives to young geoscientists. The initiative advances SEG's mission, "Connecting, Inspiring, and Propelling the People and Science of Geophysics," to young professional SEG members.

Dennis Cooke, SEG BOD, stated, "SEG offers many continuing education courses, but those courses do not specifically target the professional needs of our future membership. Early-career geophysicists working in developed and developing countries require training to fill the gap between what universities teach and the skill and knowledge that employers want."

The SEG Foundation welcomes Halliburton's collaboration in developing SEG's first young professional education initiative, SEG/Halliburton EVOLVE, under SEG's Young Professionals initiative.

"The EVOLVE initiative will be at the forefront of SEG's effort to connect and inspire these young people as they develop the skills that they need on the job," said Chris Krohn, SEG Board member.

"We at Halliburton have long recognized the need for a collaborative and integrated approach to optimize asset-team performance. EVOLVE is one answer to this long-standing interdisciplinary educational challenge," says Nagaraj Srinivasan, vice president of Landmark, a Halliburton business line. "The initiative is founded on developing and delivering next-generation geoscience, petrophysical and reservoir-engineering workflows in a modern learning environment that appeals to professionals who are starting their careers in the oil and gas industry. SEG and Halliburton look forward to engaging operators and other industry leaders to support early-career professional preparedness which creates value for the industry as a whole."

Questions regarding this initiative development can be directed to:



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About SEG and the Foundation

The Society of Exploration Geophysicists (www.seg.org), the international society of applied geophysics, is a not-for-profit organization that promotes the science of geophysics and the education of applied geophysicists. SEG exists to inspire, connect and propel the geophysicist and the application of geophysics. We foster the expert and ethical practice of geophysics in the exploration and development of natural resources, in characterizing the near surface, and in mitigating Earth hazards. The Society, which has more than 32,000 members in 138 countries, fulfills its mission through its publications, conferences, forums, educational opportunities, and multiple website resources.

The SEG Foundation, founded in 1987, is a not-for-profit 501c3 organization. The Foundation works with donors to secure funds supporting SEG initiatives. For additional information contact Paul Allison, Executive Director at pallison@seg.org.

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 80,000 employees, representing 140 nationalities in over 80 countries, the company serves the upstream oil and gas industry throughout the lifecycle 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 website at www.halliburton.com. Connect with Halliburton on Facebook, Twitter, LinkedIn, Oilpro and YouTube.

CONTACT: Society of Exploration Geophysicists Whitney Emerick wemerick@seg.org 918-497-5523 Halliburton Emily Mir pr@halliburton.com 281-871-2601

Source:Society of Exploration Geophysicists