
FOR IMMEDIATE RELEASE                     Contact - Guy T. Marcus
January 29, 1997                                    Vice President-Inv. Rel.
                                                    (214) 978-2691

                    HALLIBURTON TO ACQUIRE OGC INTERNATIONAL

     DALLAS, Texas -- Halliburton Company (NYSE-HAL) announced today that it has
offered to purchase all of the outstanding shares of OGC International plc, a UK
company traded on the London Stock Exchange.  The offered cash purchase price is
1.193 UK  Pounds  per  share  ($1.94)  representing  a total  purchase  price of
approximately $117.9 million if all shares are purchased.

     OGC's board of directors has  recommended  that OGC's  shareholders  accept
this  offer and  holders  of  approximately  40  percent  of OGC's  shares  have
irrevocably agreed to tender their shares at such price to Halliburton Company.

     OGC is  engaged  in  providing  a variety of  engineering,  operations  and
maintenance  services,  primarily  to the  North  Sea  oil  and  gas  production
industry.  In 1995 OGC had  revenues  equivalent  to $378.2  million and pre-tax
profit equivalent to $23.1 million.  For the six months ended June 30, 1996, the
company had revenues  equivalent to $148.1 million and pre-tax profit equivalent
to $4.4 million. At June 30, 1996 OGC had total shareholders'  equity equivalent
to $59.9 million.

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     Dick  Cheney,  chairman  of  the  board  and  chief  executive  officer  of
Halliburton  Company,  said,  "OGC is a good strategic fit for  Halliburton  and
strengthens  our position as a leading  provider of  integrated  services to the
petroleum  industry.  The acquisition of OGC provides a major opportunity for us
to grow OGC's business in the United Kingdom and overseas."

     Halliburton  Company  is one  of the  world's  largest  diversified  energy
services, engineering, maintenance, and construction companies. Founded in 1919,
Halliburton  provides a broad range of energy services and products,  industrial
and marine engineering and construction services.

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