HALLIBURTON CO
8-K, 1999-10-01
HEAVY CONSTRUCTION OTHER THAN BLDG CONST - CONTRACTORS
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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)

                               SEPTEMBER 30, 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,
which are not called for by this form, that the registrant deems to be important
to security holders.

         On September 30, 1999  registrant  issued a press  release  announcing,
 among other  things,  that Dresser  Kellogg  Energy  Services,  an affiliate of
 registrant's  subsidiary,  Kellogg  Brown & Root,  Inc.,  has  been  awarded  a
 contract valued at over $200 million by Shell Petroleum  Development Company of
 Nigeria  for  grassroots  gas  compression   facilities  for  the  Obigbo  Node
 Associated Gas Gathering Project near Port Harcourt, Nigeria.

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 September 30, 1999.










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<PAGE>

                                   SIGNATURES

         As required by the Securities  Exchange Act of 1934, the registrant has
authorized  this  report  to be  signed  on  behalf  of  the  registrant  by the
undersigned authorized individual.


                                       HALLIBURTON COMPANY




Date:  October 1, 1999                 By:  /s/ Susan S. Keith
                                          ----------------------------------
                                                Susan S. Keith
                                                Vice President and Secretary












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<PAGE>

                                  EXHIBIT INDEX



Exhibit                                                       Sequentially
Number                     Description                        Numbered Page

20                         Press Release of                   5 of 6
                           September 30, 1999
                           Incorporated by Reference






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FOR IMMEDIATE RELEASE                  CONTACT:  Cindy Viktorin
September 30, 1999                               Halliburton Co.
                                                 713-676-7125
                                                 [email protected]


              Dresser Kellogg Energy Services to assist Shell with
                 the reduction of onshore gas flaring in Nigeria


DALLAS - Dresser Kellogg Energy Services,  an affiliate of Kellogg Brown & Root,
has been  awarded  a  contract  valued  over  $200  million  by Shell  Petroleum
Development Company of Nigeria for grassroots gas compression facilities for the
Obigbo Node Associated Gas Gathering  Project near Port Harcourt,  Nigeria.  The
single lump sum contract includes  engineering,  procurement,  and construction,
operations  and  maintenance  of the gas  compression  facilities  for 10 years.
Kellogg Brown & Root is a business unit of Halliburton Company (NYSE:HAL).

The Obigbo Project is part of SPDC's huge  investment in several gas utilization
projects aimed at the extinguishing of all routine flaring by the year 2008.

There are eight sites in the Obigbo Node 15-12 km north of Port  Harcourt  where
equipment will be installed.  The facilities include  compressors and associated
equipment including utilities as appropriate.

"The integration of resources from across  Halliburton has placed us in a unique
position  to  offer  a  single   contract  for  this  project,   which  includes
engineering,  specialty equipment supply, construction,  operations, and project
management  services," said Dave Lesar,  president and chief operating  officer,
Halliburton Company.

Halliburton's integrated team includes:

o    Kellogg Brown & Root for project management and all "in-country" activities
     including construction and initial operations.
                                     (more)

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<PAGE>

                                     Page 2

o    Dresser-Rand  for the exclusive  supply of all  compression  equipment from
     their Olean, New York, and Broken Arrow, Oklahoma, manufacturing facilities
     and for provision of operations  and  maintenance  services for the 10-year
     effort. A partnership of Halliburton Company and Ingersoll-Rand  Company of
     Woodcliff Lake, New Jersey,  Dresser-Rand is part of Halliburton's  Dresser
     Equipment Group business unit.
o    Paragon  Engineering  Services,  an affiliate of Halliburton's Brown & Root
     Energy  Services  business  unit  and  Dresser-Rand,  for  engineering  and
     procurement expertise from their Houston offices. Paragon will also provide
     in-country support from their office in Lagos, Nigeria.

Halliburton Company,  founded in 1919, is the world's leading diversified energy
services, engineering, construction, maintenance, and equipment company.

Among  its  business   units  are  Kellogg  Brown  &  Root,  an   international,
technology-based  engineering and construction company providing a full spectrum
of  industry-leading  services  to the  hydrocarbon,  chemical,  energy,  forest
products, manufacturing, and mining and minerals industries.

Dresser Equipment Group comprises Halliburton's operating divisions that design,
manufacture,  and market  equipment used by the energy  industry to complete the
process of finding,  extracting,  processing,  and delivering  petroleum and its
related  products.  One of  these  divisions  is  Dresser-Rand,  which  designs,
manufactures,  sells,  and services  large,  highly  engineered  centrifugal and
reciprocating  compressors,  steam and gas turbines, and control systems for the
oil and gas, chemical, petrochemical, and power generation industries worldwide.

Brown & Root Energy Services supplies engineering,  construction, operations and
maintenance  services  to the  upstream  oil and  gas  industry  worldwide.  Its
affiliate, Paragon Engineering Services, provides engineering,  design/drafting,
project  management,  procurement,   construction  management,  inspection,  and
training services to the oil and gas industry.

Halliburton's World Wide Web site can be accessed at http://www.halliburton.com.

                                       ###

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