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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)
MARCH 14, 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 14, 1997, registrant issued a press release entitled Purchase
Complete of Devonport Royal Dockyard pertaining, among other things, to an
announcement that registrant's subsidiary, Brown & Root, through its UK holding
company, Halliburton Holdings Ltd., is the majority shareholder in Devonport
Royal Dockyard Ltd., which completed the purchase of the Devonport Royal
Dockyard. The purchase from the UK government for cash consideration totalling
40.3 million British pounds, marks the final stage in the privatization of
Devonport. The shareholders of Devonport Royal Dockyard Ltd are Halliburton
Holdings Ltd (51%), BICC plc (24.5%) and The Weir Group PLC (24.5%).
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 14, 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 14, 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 14, 1997 5 of 6
Incorporated by Reference
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FOR IMMEDIATE RELEASE Contact-Barbara Johnson Guy T. Marcus
March 14, 1997 News Media Investor
(713)676-8097 Relations
(214) 978-2691
PURCHASE COMPLETE OF DEVONPORT ROYAL DOCKYARD
DALLAS, Texas -- Brown & Root, a Halliburton Company (NYSE:HAL) subsidiary,
announced that through its United Kingdom (UK) holding company Halliburton
Holdings Ltd, it is the majority shareholder in Devonport Royal Dockyard Ltd,
which today completed the purchase of the Devonport Royal Dockyard in Plymouth,
England.
The facilities purchase from the UK government for cash consideration
totalling 40.3 million British pounds, marks the final stage in the
privatization of Devonport, the UK's largest submarine and warship refitting
facility. The shareholders of Devonport Royal Dockyard Ltd are Halliburton
Holdings Ltd (51%), BICC plc (24.5%) and The Weir Group PLC (24.5%).
"This is a landmark in Brown & Root's history - we are delighted to be
continuing our involvement at Devonport as we move from the management to the
ownership of this vital national asset," said Tony Pryor, chairman of Devonport
Royal Dockyard Ltd. "We will continue to provide the large majority of our
services to the British Royal Navy."
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Devonport will become the UK's sole refitting and refuelling location for
nuclear-powered submarines early next century, following the modernization and
upgrading of its facilities. It also has a comprehensive range of surface ship
support facilities including a modern three-dock, covered, warship refitting
complex, supported by an extensive range of engineering workshops.
Devonport Management Ltd has operated Devonport on behalf of the Ministry
of Defense (MoD) since April 1987 under a management contract in which it
licensed the assets from the MoD and managed the day-to-day operations of the
business and its workforce.
Brown & Root is the engineering and construction subsidiary of Halliburton
Company, 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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