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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)
APRIL 8, 1996
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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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 April 8, 1996, registrant issued a press release entitled Alliance
Starts on BP's 400 Million (pounds sterling) Schiehallion Project pertaining,
among other things, to an announcement that an alliance involving BP,
registrant's Brown & Root subsidiary, Harland and Wolff, Single Buoy Moorings
and Coflexip Stena Offshore has now started work on the 400 million (pounds
sterling) contract to design and build the surface production facility for BP's
Schiehallion Field. Up to 3,500 jobs across Europe will be created by the
contract award. Registrant's subsidiary, Brown & Root, will have responsibility
for project management, the design and fabrication of the FPSO's topsides and
for the vessel installation.
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 April 8, 1996
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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: April 10, 1996 By: _______________________
Robert M. Kennedy
Vice President - Legal
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EXHIBIT INDEX
Exhibit Sequentially
Number Description Numbered Page
20 Press Release of
April 8, 1996 5 of 6
Incorporated by Reference
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FOR IMMEDIATE RELEASE Contact: Guy T. Marcus
April 8, 1996 Vice President-Inv. Rel.
(214) 978-2691
ALLIANCE STARTS ON BP'S 400 MILLION (POUND STERLING) SCHIEHALLION PROJECT
DALLAS, Texas -- Halliburton Company (NYSE-HAL) announced today an alliance
involving BP, Halliburton's Brown & Root subsidiary, Harland and Wolff, Single
Buoy Moorings (SBM) and Coflexip Stena Offshore (CSO) - which has now started
work on the 400 million (pounds sterling) contract to design and build the
surface production facility for BP's Schiehallion Field. The facility comprises
the world's largest new-build Floating Production Storage and Off-loading (FPSO)
vessel.
The announcement follows the UK Government sanctioning of the West of
Shetlands oil find, giving the operator the green light for full-scale
development. Up to 3,500 jobs across Europe will be created and made secure by
the contract award. Some of the major fabrication and equipment contracts have
already been let, reflecting the "fast-track" nature of the project. Known as
the FPSO Alliance, the contract will be managed by an integrated management team
of all the companies involved.
Brown & Root will have responsibility for project management, the design
and fabrication of the FPSO's topsides and for the vessel installation. Harland
and Wolff will design and build the 950,000 barrel capacity vessel in its
Belfast facility. SBM will design and build the turret and moorings for the
facility while CSO will design and provide the riser system.
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Commenting on the award on behalf of the Alliance, Brown & Root project
director Arthur Barker, said; "All the companies participating, including BP,
are working closely as an integrated team. The arrangement involves innovative
risk sharing incentives that bind the team together," he added.
Brown & Root McDermott Fabricators (BARMAC), the joint venture company
between Brown & Root and J. Ray McDermott, has won the 20 million (pounds
sterling) contract to fabricate 6,300 tonnes of process topsides for BP
Schiehallion's floating production vessel. Work on the topsides is scheduled to
commence in May of this year at BARMAC's Ardersier yard. Completion of the
contract is expected in February 1997 when all the process packages will be
delivered to Belfast for installation on the FPSO. Up to 450 jobs at the yard
will be made secure by the contract award.
BARMAC will also undertake a 3 million (pounds sterling) contract from
Northampton-based Kvaerner Paladon for the fabrication of separation packages
for the FPSO. Work will commence on the 900 tonne systems immediately and is
expected to be complete by the end of the year.
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.
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