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 10, 2000
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 April 10, 2000 registrant issued a press release entitled
"Halliburton and SAIC to Form Internet Venture to Transform E&P Operational
Processes," pertaining to, among other things, the announcement by registrant
and Science Applications International Corporation of their intention to form a
venture to provide Web-based portals to enhance the way exploration and
production professionals are hosted in a networked technical environment.
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 10, 2000.
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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 12, 2000 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 5 of 7
April 10, 2000
Incorporated by Reference
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FOR IMMEDIATE RELEASE CONTACT: Dirk Vande Beek
April 10, 2000 Halliburton Company
(713) 676-8097
Jane Van Ryan
SAIC
703/676-4097
HALLIBURTON AND SAIC TO FORM INTERNET VENTURE
TO TRANSFORM E&P OPERATIONAL PROCESSES
DALLAS, Texas - Halliburton Company (NYSE: HAL) and Science Applications
International Corporation (SAIC) announced today their intent to form a venture,
which will provide Web-based portals tailored to enhance the way upstream
exploration and production (E&P) professionals are hosted in a high performance,
networked technical environment.
"Wealth creation in the E&P industry is based on a series of investment
decisions," said Dick Cheney, chairman and chief executive officer of
Halliburton, "each of which calls for a unique set of tools, information and
professional experience. Many of the pieces of these solutions have been
available for some time. This venture will use the Internet to provide the
backbone for bringing them together in real time to increase investment
returns."
The new venture will support a collaborative approach to E&P decisions
through Knowledge Service Providers (KSPs). KSPs will provide an integrated set
of software applications, data integration and collaboration capabilities shared
among communities of practice formed around the key decision points in the life
of an oil field assets. Through KSPs, it will be possible to extend these
communities dynamically beyond corporate boundaries to include partners as
needed. The key enabling technologies are a reliable, secure, high-bandwidth
communications infrastructure coupled to scaleable, high performance software
and computing facilities.
"When fully operational, KSPs will allow teams of energy industry
scientists and engineers to work together more effectively by collaborating and
exchanging information interactively over a secure network," said Dr. J. Robert
Beyster, chairman and chief executive officer of SAIC.
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"This new venture will pioneer the transformation of the E&P industry's
operational processes. No longer will professionals have to come together
geographically in order to collaborate. The day of virtual `infostructures' has
arrived," said Robert P. Peebler, president and chief executive officer of
Landmark Graphics Corporation, a subsidiary of Halliburton.
"Our energy customers need a system that provides value and reduces
costs. We believe our venture with SAIC will bring those attributes to the
marketplace," Peebler added.
Venture leverages existing network
The venture will be headquartered in Houston, Texas. SAIC's Advanced
Network eXchange(TM) (ANX(R)) will provide the platform for communications
services.
"This is consistent with our strategy of expanding the ANX(R) network
into other markets beyond the automotive industry. With technical applications
being at the heart of the E&P value chain, E&P customers need the high
performance, reliable and secure connectivity that the ANX(R) network provides,"
said Dr. John E. Glancy, head of SAIC's e-commerce business.
Lane Sloan, head of SAIC's Energy Sector noted, "Providing real time
data integration capabilities is an ultimate objective which should provide high
value to E&P customers. Landmark's expertise in E&P software applications and
project data management and SAIC's strength in applications, interpretation and
data warehousing are being brought together to enable the high level integration
of multiple data sources covering both technical and business data."
The concept of a workflow-centric portal is the foundation for
transforming the E&P operational processes. KSPs will provide a layered set of
capabilities ranging from free Internet access of E&P information sources to
technical application hosting, data integration services and collaboration
facilities. Its open architecture enables a wide array of applications and
services from a broad spectrum of providers.
SAIC is the nation's largest employee-owned research and engineering
company, providing information technology and systems integration products and
services to government and commercial customers. SAIC scientists and engineers
work to solve complex technical problems in telecommunications, national
security, health care, transportation, energy, the environment, and financial
services. For the fiscal year ending January 31, 2000, SAIC revenues were
approximately $5.5 billion. SAIC and its subsidiaries, including Telcordia
Technologies (formerly Bellcore), have more than 39,000 employees at offices in
more than 150 cities worldwide. More information about SAIC can be found on the
Internet at.www.saic.com.
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Halliburton Company, founded in 1919, is the world's largest provider
of products and services to the petroleum and energy industries. The company
serves its customers with a broad range of products and services through its
Energy Services Group, Engineering and Construction group and Dresser Equipment
Group business segments. In 1999, Halliburton's consolidated revenues were
$14.9 billion and it conducted business with a workforce of approximately
100,000 in more than 120 countries. The company's World Wide Web site can be
accessed at www.halliburton.com.
###
Note: In accordance with the Safe Harbor provisions of the Private Securities
Litigation Reform Act of 1995, Halliburton Company cautions that statements in
this press release which are forward looking and which provide other than
historical information involve risks and uncertainties that that may impact the
company's actual results of operations. Please see Halliburton's Form 10-K for
the year ended December 31, 1999 for a more complete discussion of such risk
factors.
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