NEW IBERIA, La. (KPEL) -- Halliburton announced Tuesday its plans for an Integrated Completion Center in New Iberia that would "expand the company's resources and capabilities for deepwater completion tools.

At the same time, it would allow the company to continue its focus on service alignment, equipment maintenance, preparation, and job execution for is Gulf of Mexico customers, a press release stated.

The company broke ground on the facility in the spring of 2013. It will house more than 250 employees and will include a 219,000-square-foot climate-controlled maintenance facility, a 30,000-square-foot administration building, and operations command center, and several auditorium for training.

"Halliburton is investing about $45 million in land and building costs," the release stated.

The facility is scheduled to open in the fourth quarter of 2014 and will help consolidate some of the company's offices in Houma, New Iberia, Broussard, and Lafayette into the new center.