Brussels, 19/03/2001 (Agence Europe) - The European Commission authorised the creation of a joint venture between the Dutch group Shell Petroleum NV (oil, gas and chemical products) and the American company Halliburton (oil related services and products). Named WellDynamics, it will provide "intelligent well completion solutions" for the oil and gas industry. The completion operations for an oil wells arise between the drilling for production and the "intelligent solutions" allowing the operator to monitor all the parameters of the wells (pressure, temperature, flow rates) without having to use mechanical means. Halliburton will contribute to the joint venture most of its company specialised in this field, while Shell will grant under licence its intellectual property rights and its know-how in this same sector. The Commission authorised the operation having noted that there exist no overlaps between the parties activities since Shell has no operation of this kind for which it is mainly a client. Even if, following its deal with Halliburton, Shell is now no longer a prospective client for other suppliers, the operation will not dramatically alter the demand or supply for these services, considered to be an emerging commercial sector.