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)
NOVEMBER 1, 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 November 1, 2001 registrant issued a press release entitled "Halliburton
KBR Adds Experience Depth and Breadth With GVA Consultants Acquisition"
pertaining, among other things, to an announcement that registrant's business
unit, Halliburton KBR, formerly Kellogg Brown & Root, has acquired GVA
Consultants AB from British Maritime Technology Limited for an undisclosed
amount.
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 November 1, 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: November 2, 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 November 1, 2001
Incorporated by Reference
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HALLIBURTON KBR ADDS EXPERIENCE DEPTH AND BREADTH
WITH GVA CONSULTANTS ACQUISITION
Sweden-based GVA Consultants has 20+ years of experience designing
and building semisubmersibles for the offshore industry
DALLAS, Texas - Halliburton KBR, formerly Kellogg Brown & Root, has acquired GVA
Consultants AB (GVA C), from British Maritime Technology Limited (BMT) for an
undisclosed amount. Halliburton KBR is the engineering and construction segment
of Halliburton (NYSE: HAL), the world's largest provider of products and
services to the petroleum and energy industries.
"GVA Consultants complements Halliburton KBR's experience and expertise,"
said Dave Lesar, chairman, president and CEO of Halliburton. "Halliburton KBR is
one of the pioneers of the offshore industry with more than 50 years of
experience in designing, building and developing technology for offshore
facilities for the discovery and production of oil and gas. GVA C has more than
20 years of experience in the design and construction of semisubmersibles for
the offshore industry. With this addition, we have the tools to provide our
clients with the ultra-deepwater options that they will require as we move into
the future."
Chairman and Chief Executive of BMT, David Goodrich, said: "Selling GVA
Consultants was a difficult decision to make. But on balance the increased
opportunities for GVA Consultants under the Halliburton KBR ownership led to the
conclusion to sell."
A large number of GVA C semisubmersibles are in operation worldwide.
Earlier this year, BP awarded GVA C the contract to design the largest steel
semi-submersible production and drilling unit in the world for its Crazy Horse
oil field development in the Gulf of Mexico. The unit will operate in more than
6,000 feet of water.
Jan Veldwijk, senior vice president of Halliburton KBR's Offshore
Operations, said, "This acquisition demonstrates our commitment to be a major
player in the offshore industry for many years to come."
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As energy companies search for oil and gas in ultra-deepwater, Halliburton
KBR's acquisition of GVA C positions the company to offer solutions to one of
the most challenging aspects in the process of profitable hydrocarbon recovery
in ultra-deepwater fields - the selection of the most appropriate field
development platform.
"When an ultra-deepwater field can be largely exploited from a single drill
center, the selection quickly narrows to a choice between a drilling production
spar or semi-submersible," said Richard D'Souza, director, Halliburton KBR
Deepwater Technology. "The semisubmersible platform is ideally positioned to
capitalize on subsea technology. Its inherent flexibility to accommodate
reservoir uncertainty, relative insensitivity to water depth and adaptability to
future subsurface and subsea technology advances will enable significant
reduction in capital costs, cycle tie to peak production and project risks."
GVA C is a worldwide leader in the design and delivery of new build
drilling and production semisubmersible platforms. Halliburton KBR is renowned
for its world class project execution and delivery. The combination of GVA C and
Halliburton KBR capabilities will provide the energy industry with a single
source for engineering and delivery of semi-submersible production platforms
that is second to none.
###
Notes to Editors:
1) Halliburton KBR
Halliburton KBR is an international, technology-based engineering and
construction company, which provides a full spectrum of industry-leading
services for public infrastructure and to the hydrocarbon, chemical, energy, and
forest products industries.
Halliburton, 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 business segments. The company's
World Wide Web can be accessed at www.halliburton.com.
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2) British Maritime Technology
BMT is a leading, multi-disciplinary engineering and technology
consultancy, specializing in design, design support, risk management and
salvage, principally in the defense, environment, insurance, oil and gas and
transportation sectors.
BMT invests significantly in research. Its customers are served through a
network of international subsidiary companies, based throughout the UK and in
Europe, North America and Asia. The assets of the company are held in beneficial
ownership for its staff.
The company offers a wide range of expertise to the oil and gas market,
including vessel design, waste management, field simulations, operability
analysis and model testing. Web site - www.bmt.org.
3) GVA Consultants
GVA Consultants AB is a marine and offshore consultancy with more than 20
years of experience in the design and construction of semi-submersibles for
drilling and production. The company is based in Gothenburg, Sweden and also has
an office in Houston, Texas. More than 50 percent of all newly built submersible
production units worldwide are designed by GVA Consultants.
4) Contacts For Further Information:
Zelma Branch / Wendy Hall
Halliburton - Houston
713-676-4371
E-mail: zelma.branch@halliburton.com or wendy.hall@halliburton.com
Or
Ben Findlay / Shona Cooper
BMT Press Office
c/o Republic
Tel: +44 (0)20 7379 5000 ext 230/235
Fax: +44 (0)20 7379 5133
E-mail: ben@republicpr.com or shona@republicpr.com
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