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2004 Press Releases
FOR IMMEDIATE RELEASE: August 3, 2004

HALLIBURTON'S KBR ANNOUNCES AGREEMENT WITH KAZAKH INSTITUTE OF OIL AND GAS

LONDON - KBR has announced that it has signed a Memorandum of Understanding (MOU) with the Kazakh Institute of Oil and Gas (KING) to combine their respective skills and expertise, and to collaborate for the purposes of securing and executing contracts in the Republic of Kazakhstan. KBR is the engineering, construction and services subsidiary of Halliburton (HAL:NYSE).

Ron Beveridge, Senior Vice-President for KBR's offshore oil and gas business said, 'KBR has been operating in Kazakhstan since 1992 and we are now working there on projects across a variety of market sectors. We are delighted to be entering into this agreement with KING.'

The potential future contracts relate to feasibility studies, conceptual and detailed engineering, programme, project and construction management for the offshore and onshore oil and gas industries and their associated infrastructure and any other projects KING and KBR may agree to pursue.

Depending upon the type of project, either KING or KBR will be designated as the lead or prime contractor and, if necessary, the formation of a project specific joint venture or consortium will be considered.

KBR is a global engineering, procurement and services company. Whether designing a chemical plant, serving as a defence industry 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.

Founded in 1919, Halliburton 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 Group and Engineering and Construction business segments.


Contact
Ken Beedle
ken.beedle@halliburton.com
KBR
Public Relations - London
(p) 44.1372.86.6622

Patrice Mingo
patrice.mingo@halliburton.com
KBR
Public Relations - Houston
(p) 713.753.3186

Employment Contact
Overseas & US Employment with KBR
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kbr_supplier_relations@halliburton.com

Supplier Diversity Contact
Linda Holloway
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