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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 12, 2001
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 12, 2001 registrant issued a press release entitled
"Halliburton and Landmark Graphics Complete Acquisition of PGS Data Management
Division" pertaining, among other things, to an announcement that registrant and
its wholly owned business unit, Landmark Graphics Corporation, have completed
the acquisition of PGS Data Management, a division of Petroleum Geo-Services ASA
for approximately $175 million cash consideration. The acquisition is not
expected to be dilutive to registrant's earnings in 2001 and is expected to be
accretive after that.
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 12, 2001.
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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 13, 2001 By: /s/ Susan S. Keith
--------------------------------
Susan S. Keith
Vice President and Secretary
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EXHIBIT INDEX
Exhibit Description
- ------- -----------
20 Press Release Dated March 12, 2001
Incorporated by Reference
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FOR IMMEDIATE RELEASE Contact: Guy T. Marcus
March 12, 2001 Vice President-Investor Relations
214/978-2691
HALLIBURTON AND LANDMARK GRAPHICS COMPLETE ACQUISITION OF
PGS DATA MANAGEMENT DIVISION
DALLAS, Texas -- Halliburton Company (NYSE:HAL) and Landmark Graphics
Corporation, a wholly owned business unit of Halliburton, today announced that
they have completed the acquisition of PGS Data Management (PGSDM), a division
of Petroleum Geo-Services ASA (NYSE: PGO and OSE: PGS) for approximately $175
million cash consideration. The acquisition further expands the Landmark
Graphics portfolio of industry-leading technology management solutions and
services by adding PGSDM's PetroBank solutions. PetroBank solutions are the
industry leader for cost effective internet enabled storage, browsing and
retrieval of large volumes of quality controlled exploration and production
(E&P) data and information.
Under the agreement, Landmark Graphics acquired PGSDM, its PetroBank
solutions and related trademarks. Landmark Graphics will manage the technology
and services of the PGSDM acquisition as part of its core business. In addition,
the parties entered into a contract for Landmark Graphics to provide strategic
data management and distribution services to Petroleum Geo-Services and its
affiliates. The acquisition is not expected to be dilutive to Halliburton's
earnings in 2001 and is expected to be accretive after that.
PGSDM's proven network-centric products and services offer E&P
companies the ability to find, access and exploit relevant information on a 24
-more-
Halliburton Company page 2
hours a day, 7 days a week basis through web-based access to all PetroBank
centers worldwide. The PetroBank solution gives secure timely access to data and
applications, facilitating quality decisions while reducing risk and cost.
The PetroBank web-based geographic information systems technology
provides full entitlement control for secure browsing, selecting and ordering of
E&P data. As an example, a customer's seismic data can be ordered down to the
seismic trace level providing a unique E&P industry offering. In addition to the
speed and security features, PetroBank has more than 90 terabytes of data
available online, providing comprehensive information for more than 250,000
square kilometers of Petroleum Geo-Services' worldwide data on prospects and
producing basins. PetroBank has been selected as the repository for E&P data in
Norway and Brazil.
Landmark Graphics is the leading supplier of integrated E&P technical
and economic software and services which support decision making about finding,
drilling, and producing oil and gas. Knowledge-based E&P companies are now
turning to Landmark Graphics for technical-to-business (T2BTM ) process
integration for improving returns on their investments. Visit the Landmark
Graphics Web site at www.lgc.com.
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 and Engineering and Construction Group business segments.
The company's World Wide Web site can be accessed at www.halliburton.com.
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