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 24, 1995
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. 73-
0271280
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
Page 1 of 7 pages
The Exhibit Index appears on Page 4
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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 24, 1995, the registrant issued a press
release entitled Halliburton Signs Joint Venture Agreement With
Chinese Petroleum Bureau of Presidential Mission pertaining,
among other things, to an announcement that registrant's
Halliburton Energy Services business segment has signed an
exclusive joint venture agreement with the Liaohe Petroleum
Exploration Bureau for the manufacture and sale of flow
measurement equipment. The joint venture, owned 51% by
Halliburton and 49% by the Liaohe Petroleum Bureau, will
produce and sell high technology turbine flow meters and flow
measurement products for oilfield service applications in China
and throughout the world. The ten-year venture is projected to
generate revenues of $40 million.
The foregoing summary is subject to the full text of the
press release with respect thereto, a copy of which is attached
hereto as Exhibit 20, which exhibit is incorporated herein by
reference.
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 February 24, 1995
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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 27, 1995 By: _______________________
Robert M. Kennedy
Vice President -
Legal
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EXHIBIT INDEX
Exhibit Sequentially
Number Description Numbered Page
20 Press Release of
February 24, 1995 5 of 7
Incorporated by Reference
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FOR IMMEDIATE RELEASE Contact - Guy T. Marcus
February 24, 1995 Vice President-Inv. Rel.
(214) 978-2691
HALLIBURTON SIGNS JOINT VENTURE AGREEMENT
WITH CHINESE PETROLEUM BUREAU OF PRESIDENTIAL MISSION
DALLAS, Texas -- Halliburton Company's (NYSE-HAL)
Halliburton Energy Services business segment today signed an
exclusive joint venture agreement with the Liaohe Petroleum
Exploration Bureau for the manufacture and sale of flow
measurement equipment. The agreement was signed in Beijing,
China as part of a presidential business development mission led
by U.S. Secretary of Energy, Hazel O'Leary.
The joint venture, owned 51% by Halliburton and 49% by the
Liaohe Petroleum Bureau, will produce and sell high technology
turbine flow meters and flow measurement products for oilfield
service applications in China and throughout the world. The ten-
year venture is projected to generate revenues of $40 million.
The Liaohe Petroleum Bureau will build the required liquid
and gas meter calibration systems according to Halliburton
specifications. Halliburton will transfer technology and provide
technical training to the joint venture in the areas of
manufacturing and assembly, calibration, product sales and
marketing, and flow measurement operations.
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Halliburton, the largest U.S. based oilfield service
company, signed the cooperative agreement as part of the
presidential mission on sustainable energy and trade to China led
by U.S. Secretary of Energy, Hazel O'Leary. According to
Secretary O'Leary, "The Halliburton/Liaohe agreement is a strong
indication of the new climate that is being created between the
U.S. and China for commercial partnerships in sustainable energy
technology. The Chinese energy sector offers tremendous
opportunities for American-based firms to participate as partners
in this expanding energy market while helping create supporting
jobs in the United States."
Dale Jones, President of Halliburton Company, is
accompanying Secretary O'Leary on the mission along with several
other key energy industry executives. Jones said that
Halliburton has had a strong relationship with the Chinese for
many years, highlighted by the formation in 1993 of a joint
service company with the Chinese National Petroleum Company
(CNPC) to supply a wide range of products and services to the oil
and gas industry in China.
The Liaohe Province contains the third largest producing oil
and gas field in China generating approximately 14 million tons
of oil and 1.7 billion cubic meters of gas annually. Founded in
1967, the Liaohe Petroleum Bureau employs about 117,000 people.
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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, and property and
casualty insurance services.
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