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HALLIBURTON SUBSEA RECEIVES ROV AND SURVEY PIPELAY SUPPORT CONTRACT FROM ALLSEAS
HOUSTON, Texas - Halliburton Subsea has been awarded a contract by Allseas for ROV and survey deepwater pipelay support services in the US Gulf of Mexico and Trinidad. Halliburton Subsea is a division of Brown & Root Energy Services, a business unit of Halliburton Company (NYSE: HAL).
The scope of work, which includes a number of separate Deepwater pipelay contracts, commences later this year with the Exxon-Mobil Mica and BP-Amoco Destin projects. The initial program, scheduled to go through July 2001, also will include work on a number of other deepwater projects with maximum water depth of 5,500 feet. In addition to a comprehensive package of survey services, Halliburton Subsea will provide both an Examiner HD deepwater ROV system and a Centurion HD ROV system onboard Allseas' vessel, "Trenchsetter," and may provide an additional Survey and ROV Support Vessel during the course of the contract.
Commenting on the award, Randy Harl, president of Brown & Root Energy Services, said, "We are very pleased with this award. It demonstrates that our investment in a robust Gulf of Mexico infrastructure for our subsea business is well-founded and that it has positioned Halliburton Subsea to capture this and future deepwater projects. I am also delighted that we continue to build a successful working relationship with Allseas carrying on from ongoing projects in the North Sea and Far East.
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 oil and gas.
Founded in 1919, Halliburton Company is the world's leading diversified energy services, engineering, energy equipment, construction and maintenance company. In 1999, Halliburton's consolidated revenues were $14.9 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.
Contact
Julie MacGregor
Halliburton Company
Aberdeen
(p) 44.1224.777182
Zelma Branch
Halliburton Company, Houston
(p) 713.676.4371
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