FOR IMMEDIATE RELEASE: December 1, 2004

HALLIBURTON FORMS ALLIANCE TO PROVIDE INTEGRATED FLOW ASSURANCE SERVICES

HOUSTON, Texas – Halliburton, Pipeline Engineering, Westport Technology, Subsea 7, Granherne, and KBR have joined forces in an integrated service alliance - SureStream ^SM Flow Assurance Service- to resolve some of the most challenging problems in the industry. Surestream Flow Assurance Service provides integrated support and services throughout all stages of a project, from inception, feasibility, front-end engineering design (FEED) and engineering through to remediation, intervention and operational support. For the first time, operators can benefit from having one source that provides the necessary capabilities and experience to address virtually any flow assurance issue.

"Our customers are finding that flow assurance is critical as more multiphase hydrocarbons are produced from deepwater fields and transported through lengthened delivery systems," said Jim Renfroe, senior vice president, Production Optimization Division, Halliburton's Energy Services Group. "With the practical experience and combined knowledge of these companies, we can deploy specialists to provide solutions to an extensive range of parameters affecting both flow assurance problems and system upsets."

Surestream Flow Assurance Service combines practical experience and extensive knowledge to offer a comprehensive service, which includes analytical service, engineering assessment, remediation, chemical cleaning, mechanical cleaning, thermal cleaning, and intrusive intervention.

Drawing on experience and support from Halliburton companies KBR and Granherne, the service capabilities extend from design assistance for developments, troubleshooting, economic and serviceable life evaluation of pipelines and integrity assessment through to operational advice and support. With this expertise, the service evaluates options for production optimization, identifies possible remedial actions, and provides guidance on safe, operational procedures.

In addition, a suite of programs and software from Subsea 7 and Granherne enhance the understanding of pipeline thermal and hydraulic performance. Experience and knowledge from this area helps determine the nature, extent and location of pipeline flow challenges and provides guidance regarding appropriate management techniques.

Pipeline Engineering is noted for its use of specialized pigs to examine and clean pipeline systems.

GoFlo™ technology, developed jointly by Subsea 7 and Halliburton, is another offering unique to the service. The technology uses combinations of remote intervention with deployment from platforms and/or ROVs (remotely operated vehicles), making it possible to provide an effective alternative solution for those subsea pipelines and flow lines that become blocked with wax, scale or debris. Smart composite coiled tubing can be deployed into flowlines, for example, where a combination of mechanical, chemical, and thermal processes can then be applied to clear blockages and restrictions.

"We are all committed to continuous research and development to improve this offering and provide the most comprehensive and up-to-date technology and service to our customers," said Allan Browne, Halliburton commercialization manager for SureStream services.

Note to editors:

KBR is a global engineering, construction, technology and services company. Whether designing an LNG facility, serving as a defense contractor or providing capital construction, KBR delivers world-class service and performance. KBR employs more than 60,000 people in 43 countries around the world. Website: www.halliburton.com.

Subsea 7, Inc. is an international subsea engineering contractor for offshore oil and gas developments. The company has offshore operations supported out of the United Kingdom, Norway, Middle East, West Africa, Singapore, Australia, Brazil, United States and the Caspian and employs 3,000 people world-wide. Website: www.subsea7.com

Pipeline Engineering is acknowledged as a global leader in the provision of pigging, isolation and joint testing systems and specialized related services, for the pipeline integrity industry. Since its founding in 1969, Pipeline Engineering has become an international multi-million dollar business supplying major oil, gas and petrochemical companies, pipeline and refinery operators and contractors worldwide. Based in North Yorkshire, England, the company's products and services are distributed around the world in key locations to provide a local service to the company's major customers. Pipeline Engineering is an ISO9001:2000 accredited company. Website: www.pipelineengineering.co.uk

Westport Technology Center International provides a full range of technical services for the oil and gas industry, including consulting, laboratory analyses, research and training. Westport was originally established by British Petroleum in 1988. Westport continues as an autonomous entity (under Halliburton's Energy Services Group umbrella), providing the highest quality, independent and objective research and consulting services. Westport augments Halliburton's ability to supply customers with value-added solutions through integrated and discrete products and services, as well as project management. Headquartered in Houston, Westport is exclusively focused on providing high-end technical support and applied R&D services to the petroleum industry. Website: www.westport1.com

Granherne, a Halliburton company with headquarters in Leatherhead, Surrey, UK, provides engineering resources that include around 75 subsea and pipeline specialists with first hand design experience of more than 100 subsea developments, including step out expansion projects, marginal fields and major subsea schemes. The company's marine technology group includes around 25 specialists experienced in the full range of floating production vessels in water depths ranging up to 3000m, with developments located up to 200km from shore in regions including West Africa, the Gulf of Mexico and Brazil. Reservoir evaluation, flow assurance with regard to hydrate and wax formation, multiphase flow, subsea separation, risers and mooring systems, long distance step-outs and subsea structures, pipelines and floating production facilities are among the specialized capabilities which place Granherne at the forefront of today's deepwater technology solutions. Website: http://www.granherne.co.uk.

Currently celebrating its 85th anniversary, Halliburton (NYSE: HAL) is one of the world's largest providers 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 and Engineering and Construction Groups. The company's World Wide Web site can be accessed at www.halliburton.com.



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