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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)
DECEMBER 19, 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. 75-2677995
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 December 19, 1996, registrant issued a press release entitled Grand
Banks Alliance Awarded Major Contract for Terra Nova pertaining, among other
things, to an announcement that the Grand Banks Alliance which includes
registrant's Brown and Root, Halliburton Energy Services and Landmark Graphics
Corporation units won the competitive tender for the development of the Terra
Nova oil field located offshore Newfoundland in Canada. The $1.2 billion project
includes well construction and reservoir management, an extensive network of
sub-sea flowlines and well-head equipment and the engineering, design and
construction of a floating production and storage vessel.
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 December 19, 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: December 20, 1996 By: /s/ Susan S. Keith
--------------------------
Susan S. Keith
Vice President and Secretary
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EXHIBIT INDEX
Exhibit Sequentially
Number Description Numbered Page
20 Press Release of
December 19, 1996 5 of 7
Incorporated by Reference
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FOR IMMEDIATE RELEASE Contacts: Brandon Lackey Steve Moore
December 19, 1996 Public Relations Investor Rel.
(713)624-3463 (214)978-2696
GRAND BANKS ALLIANCE AWARDED MAJOR CONTRACT FOR
TERRA NOVA
DALLAS, Texas -- Halliburton Company (NYSE-HAL) announced today that the
Grand Banks Alliance which includes its Brown and Root, Halliburton Energy
Services and Landmark Graphics Corporation units have won the competitive tender
for the development of the Terra Nova oil field located offshore
Newfoundland in Canada.
Awarded by Petro-Canada and the Terra Nova partners, the $1.2 billion
project includes well construction and reservoir management, an extensive
network of sub-sea flowlines and well-head equipment, and the engineering,
design, and construction of a floating production and storage vessel (FPSO).
Brown & Root and its Newfoundland-based joint venture partner ShawMont will
provide engineering services and project management. Brown & Root will also work
with Canada s largest construction company, PCL Industrial Constructors, to
manage the fabrication of the topsides equipment modules.
Halliburton Energy Services will provide integrated drilling and completion
services for the construction of the subsea wells. The company will also provide
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reservoir management support to the project. Halliburton Energy Services has
been operating in Canada since 1929 and has employed Newfoundlanders for over
twenty years.
Landmark Graphics Corporation, a leading supplier of exploration and
production information systems and services, will provide information technology
and data management services for the project.
"We are very pleased to be working with the Terra Nova partners on this
project," said Dick Cheney, chairman, CEO and president of Halliburton Company.
"This represents a major step in our strategy to deploy the combined
capabilities of our energy group units to help our customers achieve their
goals. Our broad capabilities enable us to provide a level of integration,
reservoir and business understanding that we believe can add significant value
to the Terra Nova project."
Located 220 miles southeast of St. Johns, Newfoundland, the Terra Nova
field lies in 295-325 ft of water. The target reservoir is 10,500 to 12,000 ft
deep with estimated reserves of 400 million recoverable barrels of oil.
The offshore Newfoundland environment is particularly challenging and
requires special technology. Wellheads will be contained in glory holes beneath
the mudline to protect them from grounding icebergs. The riser and mooring
system will be retractable so the FPSO can be moved quickly.
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Other participants in the Grand Banks Alliance include FMC Corporation,
Coflexip Stena Offshore, PCL Industrial Constructors and DORIS ConPro. There
will be a strong effort by all the alliance members to maximize the number of
Newfoundland and Canadian personnel working on the project.
Halliburton Company is one of the world's largest diversified energy
services, engineering, maintenance, and construction companies. Halliburton
provides a broad range of energy services and products, industrial and marine
engineering and construction services.
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