-Caveat Lector-

http://www.halliburton.com/news/hesnws_032502.jsp?printMe

2002 Press Releases

FOR IMMEDIATE RELEASE: March 25, 2002

HALLIBURTON ENERGY SERVICES WINS MULTIPLE OFFSHORE KOREA
CONTRACTS WITH THE KOREA NATIONAL OIL CORPORATION

DALLAS, Texas - Halliburton Energy Services, a business unit of Halliburton
(NYSE: HAL), recently won several contracts with the Korea National Oil
Corporation (KNOC) to provide drilling fluids, drilling bits, coring services, MWD
(measurement-while-drilling) and directional drilling operations, and bundled
subsea well completion services. Contract work is scheduled to take place in the
Donghae-1 Gas field offshore Korea, the country’s first commercial oil and gas
development project. In the final planning stages, the project will consist of three
subsea wells connected back to a production platform and pipeline to the gas
plant onshore.

"Halliburton's ability to maximize the value of the reservoir with our leading-edge
technologies and superior service quality, in addition to our record of safe
working practices and stewardship of the environment, has allowed us the
opportunity to work with KNOC on this first-ever development project in Korea,"
said Edgar Ortiz, chief executive officer, Halliburton Energy Services Group.
"Korea is now developing its oil and gas reserves, and Halliburton is proud to be
assisting in this effort."

Halliburton Energy Services will supply services from several different product
service lines, including Completion Products and Services (CPS), Sperry-Sun,
Baroid, Security DBS and Tools Testing and TCP to complete the subsea well
project. Products and services include surface well testing and tubing-conveyed
perforating equipment, SPTM tubing retrievable safety valves, directional drilling,
MWD, and coring services, drilling fluids, custom designed bits, and in-house
engineering support. The safety valves will be manufactured in Halliburton's
Carrollton, Texas facility while all other CPS items will be manufactured in
Jurong, Singapore.

Halliburton Energy Services provides products, services, and integrated
solutions for oil and gas exploration, development, and production. Capabilities
range from initial evaluation of producing formations to drilling, completion,
stimulation, and well maintenance – for a single well or an entire field. With more
than 300 service centers in more than 90 countries, Halliburton possesses the
global perspective that is increasingly important for energy exploration and
production.

Halliburton, founded in 1919, 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 Group business segments.


Contact
Wendy Hall
[EMAIL PROTECTED]
Halliburton
Public Relations
(p) 713.676.5227

Laura R. Schwartz
[EMAIL PROTECTED]
Halliburton
Public Relations
(p) 713.676.5619

Employment Contact
[EMAIL PROTECTED]
(p) 800.888.7668
ext. 8005

Supplier/Procurement Contact
Dave Ireland
[EMAIL PROTECTED]

Supplier Diversity Contact
Linda Holloway
[EMAIL PROTECTED]
A<:>E<:>R
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