

FOR IMMEDIATE RELEASE               Contact:Guy T. Marcus
October 30, 1997                    VP-Inv. Rel.
                                    (214)978-2691


            COMMISA JOINT VENTURE AWARDED PIPELINE CONTRACT IN MEXICO


         DALLAS,  Texas -- Halliburton  Company (NYSE: HAL) today announced that
COMMISA,  a joint  venture  consisting  of  Halliburton's  Brown  & Root  Energy
Services business unit and Grupo "R", a Mexican contractor,  has been awarded an
engineering,  procurement  and  installation  contract  by Pemex  for  laying an
85-kilometer,  36-inch  subsea  pipeline in the Gulf of Mexico.  The contract is
valued at $140 million.
         COMMISA has  contracted  with  European  Marine  Contractors  (EMC) for
laying the pipeline. EMC, jointly owned by Brown & Root and Saipem, will install
the subsea  pipeline from the Cantarell Field to the Atasta Pumping station near
Ciudad del Carmen,  Mexico.  Work has begun on the engineering,  procurement and
installation project and completion is expected in late spring 1998.
         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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                      The Exhibit Index Appears on Page 4

