HOUSTON--(BUSINESS WIRE)--Jul. 25, 2013--
Halliburton Company (NYSE: HAL) today announced that it has reached an
agreement with the U.S. Department of Justice to conclude the
department’s criminal investigation of the company in relation to the
April 20, 2010 incident involving the Macondo well in the Gulf of
Mexico. A Halliburton subsidiary has agreed to plead guilty to one
misdemeanor violation associated with the deletion of records created
after the Macondo well incident, to pay the statutory maximum fine of
$200,000 and to accept a term of three years probation.
The Department of Justice has agreed that it will not pursue further
criminal prosecution of the company or its subsidiaries for any conduct
relating to or arising out of the Macondo well incident. The Department
of Justice acknowledged the company’s significant and valuable
cooperation during the course of its investigation, and the company has
agreed to continue to cooperate with the Department of Justice in any
ongoing investigation related to or arising from the incident. The plea
agreement is subject to court approval.
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 75,000
employees, representing 140 nationalities in approximately 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 web site at www.halliburton.com.
Information on Forward Looking Statements
NOTE: The statements in this press release that are not historical
statements, including statements relating to the plea agreement with the
Department of Justice, are forward-looking statements within the meaning
of the federal securities laws. These statements are subject to numerous
risks and uncertainties, many of which are beyond the company's control,
which could cause actual results to differ materially from the results
expressed or implied by the statements. These risks and uncertainties
include, but are not limited to: court approval of the plea agreement
and actions by the court or other governmental agencies or bodies. The
plea agreement does not cover all possible parties and claims, and there
are additional reasonably possible losses relating to the Macondo
incident that we cannot reasonably estimate at this time. Halliburton's
Form 10-K for the year ended December 31, 2012, Form 10-Q for the
quarter ended March 31, 2013, recent Current Reports on Form 8-K, and
other Securities and Exchange Commission filings discuss some of the
important risk factors identified that may affect Halliburton's
business, results of operations, and financial condition. Halliburton
undertakes no obligation to revise or update publicly any
forward-looking statements for any reason.
Source: Halliburton Company
Halliburton, Investor Relations
Kelly Youngblood, 281-871-2688
investors@halliburton.com
or
Halliburton,
Corporate Affairs
Beverly Blohm Stafford, 281-871-2601
PR@halliburton.com
