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2001 Press Releases
FOR IMMEDIATE RELEASE: February 08, 2001

HALLIBURTON SUBSEA AWARDED ALLSEAS NORTH SEA AND MEDITERRANEAN ROV & SURVEY PIPELAY SUPPORT CONTRACT

DALLAS, Texas - Halliburton Subsea, a division of Halliburton Company's (NYSE:HAL) Energy Services Group, has been awarded a frame agreement contract for ROV(remotely operated vehicle) and survey deepwater pipelay support services in the North Sea and Mediterranean by Allseas Marine Contractors S.A.

The scope of work, comprising ROV and survey support of a number of separate pipelay contracts, commences later this year with the BP Magnus EOR project, which will link BP's West of Shetland Schiehallion field to their Northern North Sea Magnus field via the Shetland Islands. In addition to a comprehensive package of survey services, Halliburton Subsea will be providing both an Examiner HD deepwater ROV system and a Pioneer HD ROV system onboard Allseas vessels "Trenchsetter" and "Highland Rover." The company may also provide an additional survey and ROV support vessel during the course of the contract.

Commenting on the award, Edgar Ortiz, president and CEO of the Energy Services Group, said "Halliburton Subsea is very pleased with this award. It confirms our position as the major survey and ROV supplier in Europe, particularly in the difficult deepwater West of Shetland environment. I am also delighted that we continue to build the successful working relationship with Allseas, established through ongoing projects in the Far East and Gulf of Mexico."

Halliburton's Energy Services Group provides products, services, and integrated solutions for oil and gas exploration, development and production.

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.


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Julie MacGregor
julie.macgregor@halliburton.com
Halliburton Company
Public Relations
Aberdeen
(p) 44.1224.777.182

Zelma Branch
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Halliburton Company
Public Relations
Houston
(p) 713.676.4371

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