Gaut Named as Halliburton CFO

February 12, 2003

C. Christopher Gaut, Senior Vice President and Chief Financial Officer will resign his position at ENSCO effective the end of this month to join Halliburton Company as Executive Vice President and Chief Financial Officer. Gaut has been with ENSCO over fifteen years and has served as the Company's Chief Financial Officer since 1988. Gaut's responsibilities will be reassigned to officers within ENSCO until a permanent successor is announced.

Gaut Named as Halliburton CFO

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