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)
JANUARY 27, 2000
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 January 27, 2000 registrant issued a press release entitled
"Halliburton Reaches Conclusion on Pricing, Execution Plan and Delivery Schedule
for $2.5 Billion Barracuda and Caratinga Developments Offshore Brazil,"
pertaining to, among other things, the announcement that registrant has reach an
advanced stage towards a conclusion with Barracuda & Caratinga Development
Corporation (BCDC) for the development of both the Barracuda and the Caratinga
offshore fields in Brazil, resulting in a satisfactory price for BCDC and an
agreed execution plan and delivery schedule. Subject to the completion of
financing for the project, final negotiations are scheduled to be complete in
late February, and the contract, valued at more than $2.5 billion, is
anticipated to be signed in late March with both Brown & Root Energy Services
and Halliburton Energy Services business units carrying out the performance of
the contract.
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 January 27, 2000.
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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 4, 2000 By: /s/ John M. Allen
-------------------------------
John M. Allen
Assistant Secretary
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EXHIBIT INDEX
Exhibit Sequentially
Number Description Numbered Page
20 Press Release of 5 of 6
January 27, 2000
Incorporated by Reference
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FOR IMMEDIATE RELEASE CONTACT: Dirk Vande Beek
(January 27, 2000) Public Relations
Halliburton Company
(713) 676-8097
Guy Marcus
Vice President - Investor Relations
Halliburton Company
(214) 978-2691
HALLIBURTON REACHES CONCLUSION ON PRICING, EXECUTION PLAN AND
DELIVERY SCHEDULE FOR $2.5 BILLION BARRACUDA AND CARATINGA
DEVELOPMENTS OFFSHORE BRAZIL
DALLAS, Texas - Halliburton Company (NYSE: HAL) has reached an advanced stage
towards a conclusion with Barracuda & Caratinga Development Corporation (BCDC)
for the development of both the Barracuda and the Caratinga offshore fields in
Brazil. The discussions have resulted in a satisfactory price for BCDC and an
agreed execution plan and delivery schedule. Detail discussions are on going
with final contract negotiations scheduled to be completed in late February,
with a late March contract signing, subject to the completion of financing for
the project. The contract is valued at more than $2.5 billion and will be
performed by both Brown & Root Energy Services (BRES) and Halliburton Energy
Services (HES) business units.
The work will be on a full engineering, procurement, installation and
construction (EPIC) basis, including construction of 51 wells, fabrication and
installation of flowlines and risers, construction and installation of two
floating, production, storage, and offloading vessels (FPSOs), and the
commissioning, start-up and operations support for both fields. Each of the
FPSOs has a storage capacity of 2 million barrels. In addition, each FPSO has
production capabilities of 150,000 barrels per day. The drill rigs and certain
drilling management will be provided by Petrobras EP as part of the contract
scope.
- more -
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BARRACUDA\2
"We are excited to move forward with this integrated project which
continues Halliburton's leadership in deepwater development. We believe this
will be the largest offshore EPIC project ever awarded to a single contractor,"
said Dave Lesar, president and chief operating officer, Halliburton Company.
The Barracuda and Caratinga Fields are in the Campos Basin, offshore
Brazil, in 785 and 1035 meters of water respectively. A minimum of 40 percent of
the value of the FPSOs' work will be performed in Brazil.
Halliburton Energy Services provides products, services, and integrated
solutions for oil and gas exploration, development, and production. Capabilities
range from the initial evaluation of producing formations to drilling,
completion, production enhancement, and well maintenance - for a single well or
entire field. With over 300 service centers in more than 90 countries,
Halliburton possesses the global perspective that is increasingly important for
energy exploration and production.
Brown & Root Energy Services supplies engineering, construction,
operations and maintenance services to the upstream oil and gas industry
worldwide. Its primary role is the engineering, project management, construction
and operation of the facilities that are utilized for the production and
transportation of crude oil and natural gas. Brown & Root Energy Services is a
business unit of Halliburton Company, headquartered in Dallas, Texas.
Founded in 1919, Halliburton Company is the world's leading diversified
energy services, engineering, energy equipment, construction and maintenance
companies. In 1998, Halliburton's consolidated revenues were $17.4 billion and
it conducted business with a workforce of approximately 100,000 in more than 120
countries. The Company's World Wide Web site can be accessed at
http://www.halliburton.com.
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