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 23, 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 23, 2000 registrant issued a press release entitled "Kellogg
Brown & Root Team Will Execute Major Expansion of LNG Facility in Malaysia"
pertaining, among other things, to an announcement that a Kellogg Brown & Root
consortium has been awarded a U.S. $1.5 billion lump sum contract by Malaysia
LNG TIGA Sdn. Bhd. to execute a major expansion of the liquefied natural gas
(LNG) complex in Bintulu, Sarawak. When complete, the complex will be the
largest LNG facility in the world. The consortium consists of Kellogg Brown &
Root, JGC Corporation, Sime Engineering Sdn. Bhd. of Malaysia, Kellogg
(Malaysia) Sdn. Bhd. and JGC (Malaysia) Sdn. Bhd.
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 23, 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: January 24, 2000 By: /s/ Susan S. Keith
----------------------------------
Susan S. Keith
Vice President and Secretary
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EXHIBIT INDEX
Exhibit Sequentially
Number Description Numbered Page
20 Press Release of 5 of 7
January 23, 2000
Incorporated by Reference
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FOR IMMEDIATE RELEASE CONTACT: Wendy Hagan
January 23, 2000 Halliburton Co.- Houston
(713) 676-5619
[email protected]
Cindy Viktorin
Halliburton Co. - Houston
(713) 676-7125
[email protected]
KELLOGG BROWN & ROOT TEAM WILL EXECUTE
MAJOR EXPANSION OF LNG FACILITY IN MALAYSIA
Facility will be largest single LNG complex in the world,
producing approximately 23 million metric tons per year
DALLAS, Texas - A Kellogg Brown & Root consortium has been awarded a U.S. $1.5
billion, lump sum contract by Malaysia LNG TIGA Sdn. Bhd. to execute a major
expansion of the liquefied natural gas (LNG) complex in Bintulu, Sarawak. When
complete, the Malaysian complex will be the largest LNG facility in the world.
The consortium includes Kellogg Brown & Root and JGC Corporation,
together with Sime Engineering Sdn. Bhd. of Malaysia, Kellogg (Malaysia) Sdn.
Bhd. and JGC (Malaysia) Sdn. Bhd.
The scope of work for MLNG Tiga includes design, procurement,
construction, and commissioning of two LNG trains and offsite facilities to be
added to the existing six-train facility. MLNG Tiga will have a production
capacity of up to 3.8 million metric tons per train per year. Feedstock for the
trains, which liquefy natural gas for storage, is the natural gas from reserves
some 100 km off Bintulu. The LNG will be shipped via supertankers to existing
and new LNG buyers, where it will be regasified and piped to customers.
-more-
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MALAYSIA\2
MLNG Tiga is the second major expansion of the MLNG complex. It will be
constructed adjacent to the original three-train MLNG plant, completed in 1983,
and the three-train MLNG Dua plant, completed in 1995, by a M.W. Kellogg (now
Kellogg Brown & Root)/ JGC consortium. The combined capacity of the MLNG and
MLNG Dua facilities is 15.8 million metric tons per year. Completion of MLNG
Tiga will rank the LNG facility as the world's largest single LNG complex, with
a total production capacity of 23 million metric tons per year.
The first train is scheduled for completion during the fourth quarter
of 2002, and the second train is scheduled for completion during the third
quarter of 2003. Engineering and procurement for the project will be executed
from joint venture offices in Yokohama and Kuala Lumpur.
Safety, quality and maximizing Malaysian participation have been
identified as critical success factors. Malaysian resources and products are
expected to account for at least 30 percent of the project.
In each phase, this LNG complex has incorporated state-of-the-art
technologies, featuring air-cooling throughout the facilities, employment of
very large gas turbines, and a high-efficiency design that maximizes the
utilization of the turbine's power.
"We are proud to continue our work with Petronas and its partners in
building the world's largest LNG facility," said Dave Lesar, president of
Halliburton Co.
"This win extends our track record in the LNG market and demonstrates
our ability to team with our partners in bringing world class engineering,
construction, and project execution skills to complex projects," said Jack
Stanley, president, Kellogg Brown & Root. "Our client's satisfaction with our
original performance in building the MLNG complex, coupled with our technical
capability, helped us win this major expansion contract."
-more-
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MALAYSIA\3
Malaysia LNG Tiga is a joint venture of Petroliam Nasional Bhd
(Petronas), Shell Gas B.V., Nippon Oil LNG (Netherlands) B.V., Occidental LNG
(Malaysia) Ltd and Sarawak State of Malaysia.
Earlier this year Kellogg Brown & Root and JGC also were awarded a
contract to engineer and manage the revamp work of both the MLNG and MLNG Dua
plants and rejuvenation of the MLNG plant. The rejuvenation work will extend the
MLNG plant operational life span by about 20 years, while the revamp of the
plant will provide added flexibility with regard to feedgas composition. The
project is expected to take 5-6 years to complete.
Kellogg Brown & Root is a recognized industry leader in the LNG
business, having built, either alone or in joint ventures, the majority of the
world's LNG complexes. In 1999 Kellogg Brown & Root began a major expansion of
Nigeria LNG's complex at Bonny Island, Rivers State, Nigeria, and completed
revamp work for nine LNG trains for Sonatrach in Algeria at their Skikda and
Arzew facilities.
Headquartered in Houston, Kellogg Brown & Root is 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.
Halliburton Company is the world's leading diversified energy services,
engineering, construction, maintenance and energy equipment company. 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 120 countries. The
company's World Wide Web site can be accessed at http://www.halliburton.com.
Editor's note: Photos of current MLNG facility are available from Wendy Hagan,
Halliburton Company, at 713-676-5619, or Cindy Viktorin, Halliburton Company, at
713-676-7125.
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