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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)
FEBRUARY 17, 1998
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 February 17, 1998 registrant issued two press releases entitled:
(a) Halliburton Provides Wide Range of Services for Terra Nova
Development pertaining, among other things, to an announcement that registrant
will provide a wide range of services as part of the Terra Nova Alliance for
Petro-Canada and the Terra Nova development; and
(b) Halliburton Joins Occidental in Alliance Agreement at Elk Hills
pertaining, among other things, to an announcement that two business units of
registrant are commencing work at Occidental's Elk Hills oil and gas operation
(formerly the United States Naval Petroleum Reserve No. 1).
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 releases dated February 17, 1998.
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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: February 18, 1998 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 Releases of 5 of 9
February 17, 1998
Incorporated by Reference
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FOR IMMEDIATE RELEASE CONTACT: Dirk Vande Beek Guy Marcus
February 17, 1998 Public Relations Investor Relations
Halliburton Company Halliburton Company
(713) 676-8097 (214) 978-2691
HALLIBURTON PROVIDES WIDE RANGE OF SERVICES FOR
TERRA NOVA DEVELOPMENT
DALLAS, Texas - The Halliburton Company (HAL: NYSE) is pleased to announce that
it will provide a wide range of services as part of the Terra Nova Alliance for
Petro-Canada and the Terra Nova development.
"We are very proud to be working with the Terra Nova partners on this
project," said Dave Lesar, president and chief operating officer of Halliburton
Company. "This represents a major step in our strategy to deploy the combined
capabilities of our energy business units to help our customers achieve their
goals. Our broad capabilities enable us to provide a level of integration and
business understanding that we believe can add significant value to the Terra
Nova project."
The Terra Nova alliance is a consortium of companies which will design,
construct and install the floating production storage offloading vessel (FPSO)
and subsea components and preproduction wells necessary for the development of
the Terra Nova oil field. The development will be managed by a single integrated
team from concept definition to first oil, with the Halliburton companies taking
a lead role in this integrated team. The Halliburton business units and
associated companies working within the integrated management Terra Nova - 2
team are as follows:
-more-
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Halliburton Company page 2
- - Brown & Root Energy Services (BRES) participates in Terra Nova as a 50
percent partner in a joint venture "Shawmont Brown & Root" (SBR). This is a
joint venture with AGRA Shawmont Ltd., which is a Newfoundland-based
engineering company. Shawmont Brown & Root is responsible for the overall
project management for the development, design and procurement of the FPSO
vessel and topsides, as well as for the mechanical completion and
commissioning management for the development. This will be one of the
largest FPSOs built to date with a storage capacity of 960,000 barrels and
a topside processing capability of 125,000 barrels of oil per day. The
FPSO will be designed to an ice resistant classification to withstand
sea ice impact.
- - Halliburton Energy Services (HES) is responsible for the provision of
integrated drilling and completion services for the construction of subsea
wells. This will consist initially of six wells up to first oil with
potentially another 18 wells after production start-up. These wells are a
combination of horizontal and highly deviated wells.
- - BARMAC, while not a member of the main Alliance, is a 50 percent partner
with PCL Industrial Constructors Inc., which has a responsibility for the
fabrication of the topsides modules and the hook up of the complete FPSO.
PCL is a large Canadian construction company based in Edmonton, Alberta.
The topsides will be fabricated as four major modules of between 1,200 -
2,000 tons and a number of smaller structures giving an overall topside
weight of approximately 9,000 tons. The hook up of the complete FPSOTerra
Nova - 3 will take place in Newfoundland.
-more-
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Halliburton Company page 3
- - Rockwater is responsible for the installation of the FPSO and associated
mooring system in the Terra Nova offshore location. This will involve the
installation of a nine-leg chain-link mooring system weighing approximately
5,000 tons.
- - AOC is providing project management support for the major upgrade to the
drilling rig for the drilling of the pre-production wells. AOC also
provides assistance to SBR in the management of the mechanical completion
and commissioning scope of work.
- - Landmark Graphics Corporation supplies reservoir description services to
Petro-Canada. In addition, Landmark will participate in the provision of
information technology and data management services within the integrated
management team.
The Terra Nova oil field is located on the Grand Banks 350 kilometers
east-southeast of St. John's, Newfoundland. Discovered in 1984, Terra Nova is
the second largest oil field off Canada's east coast.
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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FOR IMMEDIATE RELEASE CONTACT: Cindy Viktorin
February 17, 1998 (713) 676-7125
Halliburton Joins Occidental in Alliance Agreement at Elk Hills
BAKERSFIELD, California -- Two business units of Halliburton (NYSE:HAL) are
commencing work at Occidental's Elk Hills oil and gas operation (formerly the
United States Naval Petroleum Reserve No. 1). Halliburton Energy Services will
provide downhole production support services, and Brown & Root Energy Services
will operate and maintain the gas plants, compressors and cogeneration
facilities and provide field maintenance services. The announcement follows
Occidental's recent acquisition of the 75-square-mile field from the U.S.
Department of Energy.
"Through the services of these two units, Halliburton offers the unique
capability of integrating our services to enhance the operating performance and
long-term viability of Occidental's Elk Hills asset," said Dave Lesar,
president, Halliburton Company.
"Elk Hills is the crown jewel of Occidental's U.S. operations," said
David Hentschel, chairman and chief executive officer of Occidental Oil and Gas
Corporation. "We believe our business alliance with Halliburton is an important
step in achieving our goal of making Elk Hills an industry model in terms of
efficiency, safety and environmental sensitivity."
"We are in alignment with Oxy's goals and this alliance will be focused
-more-
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Halliburton Company page 2
on improving operating efficiencies and reducing costs while maintaining safety
and environmental excellence," adds Chas Charles, general manager of Production
Services, Brown & Root Energy Services. Brown & Root is hiring more than 200
people to staff its contract.
Halliburton Energy Services' existing team in Bakersfield will conduct
the downhole production services work, which will involve using a substantial
amount of Halliburton's products, services and technology over the next five
years and beyond. Halliburton has a long history in California with more than
300 employees at numerous facilities in California, the majority in Kern
County--the largest oil producing county in the United States.
Brown & Root Energy Services commenced their contract on February 5,
1998, while Halliburton Energy Services start-up is scheduled for March 1. Brown
& Root Energy Services and Halliburton Energy Services are units 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.
###
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