<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>3
<FILENAME>exh99_093002.txt
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FOR IMMEDIATE RELEASE             CONTACT: Wendy Hall, Manager
September 30, 2002                         Halliburton  Public Relations
                                           713-676-4371

                                           Cedric Burgher, Vice President
                                           Halliburton Investor Relations
                                           713-676-4933



                   HALLIBURTON SELLS INTEREST IN BREDERO SHAW

HOUSTON,  Texas - Halliburton  (NYSE: HAL) announced today that it has completed
the sale of its 50 percent interest in Bredero Shaw to ShawCor Ltd. (TSX: SCL.A,
SCL.B) for  essentially  the same terms as announced on July 22, 2002  following
the signing of a Letter of Intent. The purchase price is payable on the basis of
US $75 million (US $50 million in cash and a short-term note for US $25 million)
together with the issue from  treasury of 7,723,996  ShawCor Class A Subordinate
shares.  Including  the other 50% of Bredero  Shaw's bank and other funded debt,
the total cost of the sale is approximately US $200 million.
     Bredero Shaw is the world's largest  pipecoating company with approximately
3,400 permanent and contract personnel that are located at facilities in sixteen
countries.  The  division  provides  specialized  coating  systems  and  related
services for corrosion protection, insulation and weight coating applications on
land and marine pipelines  including highly engineered  corrosion and insulation
systems for deepwater applications.
     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.  The
company's World Wide Web site can be accessed at www.halliburton.com.

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