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)

                                  MARCH 3, 1997

                               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 March 3, 1997, a press release was issued from the United Kingdom by
Barings Brothers  International Limited entitled Halliburton Company Recommended
Cash Offer for OGC International PLC ("OGC") pertaining,  among other things, to
an announcement that registrant's wholly-owned subsidiary,  Halliburton Holdings
Limited,  announced that its recommended  cash offer to acquire the whole of the
existing issued share capital of OGC is unconditional as to acceptances and will
remain open until further  notice.  The press release also announced that, as of
February 28, 1997,  valid  acceptances of the offer had been received in respect
of approximately 93.3 percent of the outstanding share capital.

         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 March 3, 1997.












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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: March 3, 1997                      By:  /s/ Susan S. Keith
                                            ----------------------------------
                                               Susan S. Keith
                                               Vice President, Secretary and
                                               Corporate Counsel

























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                                  EXHIBIT INDEX



Exhibit                                                          Sequentially
Number                         Description                       Numbered Page

    20                         Press Release of
                               March 3, 1997                        5 of 5
                               Incorporated by Reference






























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                                  PRESS RELEASE

To:  City Editors
Embargoed Until 7:30 a.m. 3rd March, 1997              3rd March, 1997
(Not for Distribution to or into the United
States of America, Canada, Australia or Japan)

                               HALLIBURTON COMPANY
                           RECOMMENDED CASH OFFER FOR
                          OGC INTERNATIONAL PLC ("OGC")

                      OFFER UNCONDITIONAL AS TO ACCEPTANCES

Halliburton  Holdings  Limited  ("Halliburton"),  a  wholly-owned  subsidiary of
Halliburton  Company,  announces that its recommended  cash offer to acquire the
whole of the existing issued share capital of OGC (the "Offer") is unconditional
as to acceptances and will remain open until further notice.

By 3:00 p.m. on Friday,  28th February,  1997 valid acceptances of the Offer had
been received in respect of 56,744,730  OGC shares  (representing  approximately
93.3 percent of the existing issued share capital of OGC).

Prior to the  announcement of the Offer,  Halliburton  had received  irrevocable
undertakings   to  accept  the  Offer  in  respect  of  24,574,760   OGC  shares
(representing approximately 40.4 percent of the existing issued share capital of
OGC). All of these shares have been validly assented to the Offer.

Prior to the Offer period commencing on 23rd December,  1996 neither Halliburton
Company nor  Halliburton  nor any persons  acting in concert with them owned any
OGC shares or rights over OGC shares nor have they acquired or agreed to acquire
(other  than  pursuant  to the Offer)  any OGC shares or rights  over OGC shares
during the Offer period.

Press enquiries:

Halliburton Company            Guy Marcus                    001 214 978 2691

Baring Brothers
International Limited          Nicholas Backhouse            0171 767 1000

Persons receiving this press  announcement  should note that, in connection with
the Offer described above, Baring Brothers  International  Limited is acting for
Halliburton  Company and  Halliburton  Holdings  and no-one else and will not be
responsible to anyone other than  Halliburton  Company and Halliburton  Holdings
for providing the protections  afforded to its customers or for providing advice
in relation to the Offer. Baring Brothers  International Limited is regulated by
The Securities and Futures Authority Limited.

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