The energy giant says they will be housing hundreds of highly skilled workers in their new integrated completion center by the end of this year.
Over 250 employees will be working out of Halliburton's new facility on West Admiral Doyle Drive.
Mike Tarantino, president and chief executive officer of the Iberia Industrial Development Foundation, says the complex is costing Halliburton more than $45 million to build and is slated for completion between October and December 2014.
"There will be a number of, we feel, new jobs that will be coming in from other areas," says Tarantino.
Those other areas include Acadiana.
In a statement from Halliburton, they say "the company will be consolidating some of its Gulf of Mexico operations from Houma and five locations in New Iberia, Broussard and Lafayette at the new center."
In a statement to TV-10, Halliburton says there will not be a loss of employees from Houma and those five locations.
"This will be a very specialized state-of-the-art facility with highly skilled positions," says Tarantino.
Tarantino says his foundation foresees an economic ripple effect from Halliburton's investment, which will include a maintenance compound, administration building, operations command center and learning auditoriums—all on 103 acres of land.
"Across the housing industry, across the services industry," says Tarantino.
Tarantino says his foundation also anticipates more companies following suit.
"Many major companies and many minor size companies that are servicing those are located here as well. We think this project will continue to spur that growth. I would not be surprised if other companies want to come here and locate near this wonderful facility and help be a part of it all," says Tarantino.