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)
JUNE 16, 1999
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 June 16, 1999 registrant issued a press release entitled Consortium
Led by Halliburton's Brown & Root Services is Preferred Bidder for Australia's
Alice Springs-to-Darwin Railway Project pertaining, among other things, to an
announcement that registrant's Brown & Root Services business unit has been
selected as the sole preferred bidder to negotiate a US $782.4 million contract
to design, build, finance and operate a railway linking Alice Springs in
central Australia to the northern port city of Darwin.
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 June 16, 1999.
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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: June 29, 1999 By: /s/ Guy T. Marcus
-------------------------------------
Guy T. Marcus
Vice President - Investor Relations
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EXHIBIT INDEX
Exhibit Sequentially
Number Description Numbered Page
20 Press Release of 5 of 6
June 16, 1999
Incorporated by Reference
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FOR IMMEDIATE RELEASE CONTACT: Wendy Hall Nantz
(June 16, 1999) Public Relations
Halliburton Company
(713) 676-5227
[email protected]
CONSORTIUM LED BY HALLIBURTON'S BROWN & ROOT SERVICES IS PREFERRED BIDDER FOR
AUSTRALIA'S ALICE SPRINGS-TO-DARWIN RAILWAY PROJECT
Asia Pacific Transport Consortium will work with the AustralAsia Railway
Corporation to advance rail project of national significance for Australia
DALLAS, Texas - The Asia Pacific Transport Consortium, led by Brown & Root
Services (BRS), a business unit of Halliburton Company (NYSE: HAL), has been
selected as the sole preferred bidder to negotiate a contract to design, build,
finance, and operate (DBFO) a US $782.4 million (A$1.2 billion) railway. The
railway will link Alice Springs in central Australia to the northern port city
of Darwin.
The Asia Pacific Transport Consortium comprises
o Brown & Root Services - which provides world class expertise through its Asia
Pacific subsidiary, Kinhill;
o Barclay Mowlem, John Holland and Macmahon - three of Australia's best known
names in civil engineering and construction, with extensive experience in
earthworks and railway construction;
o Genesee & Wyoming - a leading US-based rail operator with extensive experience
in operating and maintaining regional railways.
In addition to these members, the consortium has the support of PGA
Logistics - one of Australia's foremost logistics and material handling
companies, providing freight management and stevedoring services; and Hutchison
Port Holdings, an international port operator with significant South-East Asian
and international experience and extensive shipping interests in Asia.
"We are honored to have the opportunity to be part of this exciting
and significant Australian infrastructure project," said Dave Lesar, president,
Halliburton Company. "The establishment of a freight land bridge to Asia through
the center of Australia has the potential to change the shape of the national
economy through the creation of new trade opportunities, industries, jobs and
communities."
The contract is to design, build, finance, operate and maintain
approximately 1,420 km of rail track through some of Australia's most remote
areas, linking the national railway network to the new East Arm Port in Darwin.
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"The project's scale and complexity make it an ideal strategic fit with
Brown & Root's strengths in the provision of total life-cycle services," said
Randy Harl, president, Brown & Root Services. "We look forward to working with
our consortium partners, the rail corporation, government and the financial
community to realize this world class project of longstanding national
interest."
The competition for the project narrowed from nearly 30 groups, which
had expressed interest to three short-listed consortia. Selection as the
preferred bidder puts the Asia Pacific Transport Consortium in the exclusive
position to work with the AustralAsia Railway Corporation, Government
shareholders, financiers and customers to finalize arrangements for the project
to proceed.
The Consortium's objective is to commence construction in 2000, with
the first train operating in 2003. Trains will operate daily. A weekly link
shipping service will commence in 2003, increasing to daily frequency by 2030.
The Consortium will offer rail customers access to an integrated
logistics chain through a unique `one invoice' freight transport service.
Some 7,000 direct and indirect jobs are expected to be created
throughout the construction and operation phases.
Brown & Root Services, a 20,000 employee global company, operates in
the Americas, UK, Europe, Africa and Asia-Pacific. Brown & Root Services
specializes in comprehensive facilities engineering, design, development,
construction, logistics, operations and maintenance. This work is performed for
private sector and government clients in simultaneous multiple domestic and
international locations.
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 1998,
Halliburton's consolidated revenues were $17.4 billion and it conducted business
with a workforce of approximately 100,000 in more than 130 countries. The
company's World Wide Web site can be accessed at http://www.halliburton.com.
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