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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
DATE OF REPORT (date of earliest event reported)
OCTOBER 25, 1994
Halliburton Company
(Exact name of registrant as specified in its charter)
State or other Commission IRS Employer
jurisdiction File Number Identification
of incorporation Number
Delaware 1-3492 No. 73-0271280
3600 Lincoln Plaza
500 North Akard Street
Dallas, Texas 75201-3391
(Address of principal executive offices)
Registrant's telephone number,
including area code - 214/978-2600
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The Exhibit Index appears on Page 4
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INFORMATION TO BE INCLUDED IN REPORT
Item 5. Other Events
The registrant may, at its option, report under this item
any events, with respect to which information is not otherwise
called for by this form, that the registrant deems of
importance to security holders.
On October 25, 1994, the registrant issued a press
release entitled Halliburton and McDermott Discuss Scottish
Joint Venture pertaining, among other things, to an
announcement that the registrant and McDermott International,
Inc. through their Brown & Root Energy Services and McDermott
Scotland Ltd. business units have commenced discussions to form
a joint venture company to operate their North Sea fabrication
yards in the Highland Region of Scotland.
The foregoing summary is subject to the full text of the
press release with respect thereto, a copy of which is attached
hereto as Exhibit 20, which exhibit is incorporated herein by
reference.
Item 7. Financial Statements and Exhibits
List below the financial statements, pro forma financial
information and exhibits, if any, filed as part of this report.
(c) Exhibits.
Exhibit 20 - Press release dated October 25, 1994.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange
Act of 1934, the registrant has duly caused this report to be
signed on its behalf by the undersigned hereunto duly
authorized.
HALLIBURTON COMPANY
Date: October 26, 1994 By: (Robert M. Kennedy)
Robert M. Kennedy
Vice President - Legal
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EXHIBIT INDEX
Exhibit Sequentially
Number Description Numbered Page
20 Press Release of
October 25, 1994 5 of 6
Incorporated by Reference
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FOR IMMEDIATE RELEASE Contact - Guy T. Marcus
October 25, 1994 Vice President-Inv. Rel.
(214) 978-2691
HALLIBURTON AND McDERMOTT DISCUSS
SCOTTISH JOINT VENTURE
DALLAS, Texas -- Halliburton Company (NYSE:HAL) and
McDermott International, Inc. (NYSE: MDR) announced today that
their Brown & Root Energy Services and McDermott Scotland Ltd.
business units have commenced discussions to form a 50/50 joint
venture company to operate their North Sea fabrication yards in
the Highland Region of Scotland. The proposal is that Brown &
Root Highlands Fabricators' yard at Nigg and McDermott Scotland
Ltd.'s yard at Ardersier will merge to create one of the United
Kingdom's largest fabricators for the offshore oil and gas
industry.
The parties have entered into the discussions in order to
realign and strengthen their businesses, and to accommodate
fundamental changes in the marine construction market. The new
company will create economies of scale in an industry segment in
need of rationalization, as well as creating the only company
capable of providing a fully integrated range of construction
services for the North Sea.
Following satisfactory completion of the due diligence
reviews by both partners, and discussions with interested
parties, it is expected that the joint
venture will start operations on January 1, 1995. A new
management team will be appointed from within the joint venture
partners.
6
Approximately 950 people are employed at Nigg, and 400 at
Ardersier on current projects. While the joint venture company
will be taking the opportunity to review its overheads and
possible duplication of roles, it is anticipated that the two
yards will become even more competitive and that this will lead
to increased business and job opportunities in the future.
McDermott Scotland Ltd. is a subsidiary of McDermott
International Inc. which is a leading worldwide energy services
company. The company and its subsidiaries manufacture steam-
generating equipment, environmental equipment, and government and
aerospace products. They also provide engineering and
construction services for industrial and utility facilities
onshore, and to the oil and gas industry offshore.
Brown & Root Energy Services is an operating unit of Brown &
Root Inc., a business unit of Halliburton Company. Halliburton
Company is one of the world's largest diversified energy
services, engineering, maintenance, and construction companies.
Founded in 1919, Halliburton provides a broad range of energy
services and products, industrial and marine engineering and
construction services, and property and casualty insurance
services.
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