FOR IMMEDIATE RELEASE Contact: Guy T. Marcus
01/03/01 Vice President-Investor Relations
214/978-2691
HALLIBURTON BOARD APPROVES ACQUISITION
DALLAS, Texas -- Halliburton Company (NYSE:HAL) announced that its
board of directors has approved the company's acquisition of the PGS Data
Management division of Petroleum Geo-Services ASA (NYSE:PGO; OSE:PGS) as
announced earlier today. Completion of the transaction remains subject to
various regulatory and other approvals, as well as the finalization of certain
ancillary agreements.
Halliburton Company, founded in 1919, is the world's largest provider
of products and services to the petroleum and energy industries. The company
serves its customers with a broad range of products and services through its
Energy Services Group and Engineering and Construction Group business segments.
The company's World Wide Web site can be accessed at http://www.halliburton.com.
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