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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)
APRIL 17, 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 17, 2000 registrant issued a press release entitled
"Halliburton Business Unit Wins $300 Million Shell Contract," pertaining to,
among other things, the announcement that Brown & Root Energy Services, a
business unit of registrant, has been selected by the Shell Petroleum
Development Company of Nigeria Limited ("SPDC") and its partners to work on the
development of the first major offshore oil and gas facility for SPDC in
Nigeria. The contract is valued at approximately US $300 million.
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 17, 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 18, 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 17, 2000
Incorporated by Reference
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FOR IMMEDIATE RELEASE CONTACT: Wendy Hall Nantz
April 17, 2000 Public Relations - Americas
Halliburton Company
(713) 676-5227
wendy.hall.nantz@halliburton.com
Taryn Rock
Public Relations - Europe/Africa
Halliburton Company
44 1372 86 6693
taryn.rock@halliburton.com
HALLIBURTON BUSINESS UNIT WINS $300 MILLION SHELL CONTRACT
Project to See one of the Largest FPSO Vessels to be Built
in the Last Five Years
DALLAS, Texas - Brown & Root Energy Services (BRES), a business unit of
Halliburton Company (NYSE: HAL), has been selected by The Shell Petroleum
Development Company of Nigeria Limited (SPDC) and its partners to work on the
development of the first major offshore oil and gas facility for SPDC in
Nigeria. The contract, valued at approximately $300 million (US dollars)
including options, was awarded to BRES after successfully completing a
consolidation study for the project.
The engineering, procurement, installation and commissioning (EPIC)
lump sum contract is a 33-month project, plus an option for a two-year
operational support period. In addition, the contract will also include
fabrication of a mooring facility and one of the largest floating production,
storage and offloading (FPSO) vessels built in the last five years.
"This is an exciting project for our company," said Dave Lesar,
president and chief operating officer, Halliburton Company. "Brown & Root Energy
Services has an extensive track record in this type of work from both the EPIC
and FPSO perspective with current successes on the Terra Nova FPSO and
completion of the BP Schiehallion project."
-more-
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HALLIBURTON/SHELL CONTRACT/2
The upfront engineering, project management and procurement for the
project will be completed in BRES' Leatherhead, England, office. The vessel hull
will be completed under a separate contract in Korea. In parallel with the hull
construction, topsides modules will be fabricated at a nominated fabrication
site in the Middle East or Far East.
Upon completion of the hull with all marine systems, BRES will tow the
vessel to the module fabrication site. The pre-assembled modules will then be
installed on the vessel, fully integrated with all existing hull systems and
commissioned as fully as possible prior to tow to Nigeria.
In tandem with this operation, a soft yoke mooring platform (SYMP) will
be provided by Single Buoy Moorings (SBM) on an EPC sub-contract basis. This
platform will be the first component installed at the site. The FPSO will be
towed from the topsides fabrication and integration site to Nigeria and moored
to the SYMP, ready for final commissioning and start-up. Following the
successful commissioning and start-up, the facility will be turned over to the
Shell Operations Group at which time a two-year operational support period will
begin.
"We are proud of our commitment in Nigeria and the work performed
during the consolidation study and look forward to executing this important
project," said Randy Harl, president, Brown & Root Energy Services.
Brown & Root Energy Services supplies engineering, construction,
operations and maintenance services to the upstream oil and gas industry
worldwide. Its primary role is the engineering, project management,
construction, maintenance and operation of the facilities that are utilized for
the production and transportation of oil and gas. Brown & Root Energy Services
is a business unit of Halliburton Company, headquartered in Dallas, Texas, and
operates in Nigeria through Halliburton West Africa Limited in association with
Halliburton's Nigerian entity, Halliburton Energy Services Nigeria Limited.
-more-
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HALLIBURTON/SHELL CONTRACT/3
Halliburton Company is the world's leading diversified energy services,
engineering, energy equipment, construction and maintenance companies. Founded
in 1919, Halliburton provides a broad range of energy services and products,
industrial and marine engineering and construction services. 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 http://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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