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2000 Press Releases
FOR IMMEDIATE RELEASE: December 14, 2000

HEALTH, SAFETY, ENVIRONMENT ISSUES TOP PRIORITY LIST AT HALLIBURTON COMPANY

DALLAS, Texas - Achieving health, safety, and environmental excellence in operations has long been a standard principle of Halliburton Company's (NYSE: HAL) business practices. For years, Halliburton employees worldwide have been implementing programs designed to move beyond a compliance-oriented approach to fully integrating health, safety, and environmental concerns into the business strategies. Proof of that commitment is evident in some of its recent accomplishments around the globe.

In an industry assessment, Innovest rated Halliburton number one for its commitment to environmental performance. Innovest, an investment advisory consultancy, develops the report to use as a means of projecting future stock-market performance.

"The report praises Halliburton for achieving ISO 14001 environmental management accreditations and describes our Health, Safety, Environment (HSE) management system as the best the sector has to offer," said Dave Lesar, chairman, president, and chief executive officer of Halliburton Company. "We are delighted that our efforts are being recognized by our clients as well as analysts."

Halliburton also was awarded the prestigious National Ocean Industries Safety In Seas Award for its innovative Performance Improvement Initiative, which contributed to improved safety in the Gulf of Mexico - Offshore Operations.

Aston Hinds, vice president of HSE for Halliburton, said: "The focus of Halliburton's management team on HSE issues and the deployment of the HSE resources resulted in performance improvement at all levels in our company."

He further noted that with the development and deployment of ISO 14001 equivalent environmental management systems across the company, environmental as well as safety performance will continue to show outstanding achievements.

The Innovest report noted several Halliburton environmental successes obtained through technological innovations and management practices, including Halliburton's new membrane technologies that facilitate the capture of the majority of CO2 emissions for subsequent reinjection; development of gasoline recycling dispensers by the Dresser Equipment Group's Wayne division; and the world's first biodegradable invert emulsion drilling fuel system by Halliburton Energy Services. The report also noted Halliburton's explicit commitment to becoming the environmental partner of choice for the energy industry and the planned integration of HSE strategies with that of the business operations.

Numerous safety milestones were reached in the past quarter. Some of the most notable are listed.

In Oklahoma, Wheatley Gaso Operations was the recipient of the state's highest safety honor, the Safety Culture Award, for long-range safety planning and implementation. In addition, the company was one of 10 recipients to receive the Award of Excellence for its commitment to workplace safety for the third year in a row. Its record of accomplishments include reducing workers' compensation costs 96 percent in 1999 over 1994 costs; recording zero lost-time accidents from 1996 through 1999; and having a total injury rate that is one-half of the industry average.

In Oman, for different clients, several Halliburton Energy Services product lines were successful in reaching safety milestones. Some 214 Sperry-Sun employees worked for one year without a lost-time incident. In addition, some 552 employees representing other product service lines, Production Enhancement, Zonal Isolation, Baroid, Security DBS, Tools & Testing, and Logging & Perforating worked more than 600,000 hours without a lost-time incident and accumulated two million safe driving miles. This is a significant achievement in view of the 150-vehicle fleet, which amasses up to 560,000 miles in one month, mainly on desert roads.

In Mexico's Bay of Campeche, Halliburton Subsea employees have completed 365 days, including working through the hurricane season, without a lost-time incident, a noteworthy achievement considering the complexity of deck operations onboard the vessels.

In Norway, Kellogg Brown & Root's Production Services group worked for 500 days without a lost-time incident on the Statoil Norne floating, production, storage and off-loading (FPSO) vessel, a notable achievement in any offshore working environment.

For a client in Morenci, Arizona, some 458 Kellogg Brown & Root employees have achieved five years and 2 million work hours without a lost-time accident. Employees at the 91-square-mile job site face extreme temperatures in summer months and work around heavy hauling equipment (370-ton haul trucks) and mountainous rocky terrain.

Employees of several Halliburton Energy Services product service lines in Newfoundland, Canada have been recognized for working 500 days without a lost-time accident on the Terra Nova project. Product service lines involved in the project include Integrated Solutions, Sperry-Sun Drilling Services, Security DBS, Zonal Isolation, Tools & Testing and Tubing-Conveyed Perforating, Production Enhancement and Completion Product Services.

Off the West Coast of England, the crew of the Irish Sea Pioneer has worked for one year without a lost-time incident. A self-propelled jack-up offshore support vessel, the Irish Sea Pioneer serves the Douglas Platform and its unmanned satellite platforms in Liverpool Bay.

In western Egypt, Kellogg Brown & Root employees attained three million hours without a lost-time incident. Since the beginning of the project in 1997, the team has battled dust storms, oppressive heat, and four million kilometers of equipment transport over uncertain roads.

Employees of Brown & Root Bangladesh Ltd. in Chittagong have reached two million hours without a lost-time incident at the Sangu Field and Chilimpur Gas Plant.

The Anasuria FPSO vessel has achieved four year in operation without a lost-time incident. The vessel, which is located in the central areas of the United Kingdom Continental Shelf , is operated and maintained by a fully integrated production services team.

In California, some 450 Halliburton Energy Services employees worked for one year and one million hours without a lost-time accident. The employees work for 75 different customers in the area.

At Wellstream's North Sea facility in Newcastle, England, some 260 employees have worked safely for more than one year and 500,000 hours. The Newcastle facility specializes in the design and manufacture of flexible pipelines for the extraction of oil and gas.

Approximately 20 Halliburton Energy Services employees in New Zealand worked in conjunction with Shell Todd Oil Services employees to achieve three million work hours without a lost-time incident.

"The commitment of our employees is the key to our achieving health, safety and environmental excellence in the provision of our services," said Lesar. "Their commitment and our HSE management system will enable us to reach our goal to be the preferred contractor and the favored employer."

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


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