This press release was jointly issued by Halliburton and Agency for Science, Technology and Research (A*STAR).
Halliburton (NYSE: HAL) and the Agency for Science, Technology and Research (A*STAR), Singapore’s lead public sector research and development (R&D) agency, announced the launch of the Next-Generation Energy Xccelerator Joint Lab (NEX Lab℠). This initiative aims to accelerate the development and commercialisation of advanced well completion technologies for the energy industry. The project is also supported by the Singapore Economic Development Board (EDB). The launch event was officiated by Mr. Alvin Tan, Singapore’s Minister of State for Trade and Industry.
NEX Lab is a S$35 million project that will serve as a collaborative hub for research, engineering, and testing. The lab will streamline the transition from early-stage innovation to field deployment by integrating design, prototyping, and validation activities under one program. By integrating Halliburton’s global expertise with the local innovation ecosystem, NEX Lab℠ will increase demand for specialists in high-value technical roles and build a more competitive, future ready talent pool for Singapore.