Halliburton Awarded Contract

July 25, 2006

Halliburton's Production Optimization Division has been awarded a Pipeline & Process Services (PPS) contract by Technip Oceania Pty Ltd for testing and pre-commissioning services for the North West Shelf Venture’s Perseus over Goodwyn (PoG) Project. Operated by Woodside Energy Ltd, the PoG development is located 134 kilometers off the northwest coast of Western Australia and is one of several developments being undertaken within the larger North West Shelf area. Woodside is further developing the Perseus gas/condensate field via a subsea tieback to the Goodwyn A platform, approximately 15 kilometers northeast of the field. The PPS work scope will be completed over a two-month period starting in November 2006 and will involve the pre-flooding of spools and associated assemblies, riser filling, post tie-in leak testing, bulk dewatering and an option for umbilical monitoring during lay.

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