Halliburton’s Contract Bid for M3 Toll Road

Generations of tolls for Uncle Dick

Demand an Immediate Investigation into Halliburton’s Contract Bid for M3 Motorway Contract Wake of US Criminal Investigation

Save Tara Skryne Valley Group (STSV) is calling for an immediate investigation into the M3 Motorway design/build/operate contract tender recently made by Kellog Brown & Root, Ltd. (KBR); a subsidiary of Texas company Halliburton, to the National Roads Authority (NRA). We are also calling for an examination of their involvement in construction of the Dublin Port Tunnel, the N8 Rathcormac-Fermoy bypass.

The demand comes in the wake of news today that The US Justice Department has opened a criminal investigation into Halliburton for trading with Iran. A separate US subpoena was also issued this week to an unnamed former employee of KBR who, according to the Irish Times, is alleged to have made millions by overcharging for fuel supplies and food services in Iraq, where it has supply and reconstruction contracts worth $18 billion.

The recently published NRA Annual Report 2003 and Programme for 2004
identifies four prequalifying consortia, which have submitted bids for the M3 toll road contract:

- DIRECT ROUTE: Kellog Brown & Root, Ltd. (KBR); Strabag AG; John Sisk and
(Holdings) Ltd.; Lagan Holdings Ltd.; Roadbridge Ltd. (Mulcair).
- EUROLINK: Cintra SA; SIAC Construction Ltd
- ICON: P.J. Hegarty & Sons Ltd.; FCC Construction SA; SACYR SA.
- CELTIC ROADS GROUP: National Toll Roads, plc.; HBG Ascon Ltd/Edmund
Nuttall; Grupo Draganos SA.

In June, 2004 the KBR consortium, DirectRoute, was awarded the contract to design, build, finance and operate (DBFO) the N8 Rathcormac-Fermoy bypass by the National Roads Authority in Ireland. The project is part of the NRA's public private partnership (PPP) roads programme in Ireland. KBR is the engineering, construction and services subsidiary of Halliburton (HAL: NYSE).

The DirectRoute consortium consists of KBR Ltd, Strabag AG, John Sisk & Son (Holdings) Ltd, Lagan Holdings Ltd, Roadbridge Ltd. and the First Irish Infrastructure Fund (a joint AIB/European Investment Bank fund established for the purpose of investing in PPP projects and private sector infrastructure developments in Ireland and across Europe).

KBR is currently construction supervisor for the design and construction of the £350m Dublin Port Tunnel” The recent Comptroller and Auditor General report looking into the roads programme, originally estimated at €7 billion, now expects it to cost €16.4 billion, and rising. It noted that the 2000 estimated cost of the Dublin Port Tunnel rose from €220m to €580m in 2002.

STSV is writing to KBR shareholders, to warn them of impending problems with the potential contract, such as delays due to protests and legal actions, to ask them to examine the bid closely before any contracts are entered into. As developers, they risk being held liable for illegally interfering with the national monument at the Hill of Tara, under the National Monuments Act 2004, for fines of up to e €10m per violation. The number of monuments to be impacted by the motorway within the Tara Skryne Valley is now predicted by expert archaeologist Conor Newman to be over 40.

According to Vincent Salafia, PRO for the Save Tara Skryne Valley Group:

“I wonder if residents of Dublin and Meath are aware that they will be paying tolls to Halliburton, rather than the Irish Government, for the next thirty years?”

“Ciaran Cuffe TD was attacked by Martin Cullen for holding recently inherited shares in oil companies. Now this same Minister assisting in handing over lordship of our tunnel and toll roads to Halliburton. We and our children will be inheriting a lifetime of payments, amounting to over €1 billion on the M3 alone, to the toll company.”

Spokesperson Dr Muireann Ni Bhrolchain said:

“We want an immediate investigation by Meath County Council, the Environment Committee, and the Attorney General’s Office, into the involvement of certain foreign mulitnationals in road design, building and operation in Ireland, as well as the bidding process used by the Natiuonal Roads Authority.

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The KBR consortium, DirectRoute, has been awarded the contract to design, build, finance and operate (DBFO) the N8 Rathcormac-Fermoy bypass by the National Roads Authority in Ireland (NRA). The project is part of the NRA's public private partnership (PPP) roads programme in Ireland. KBR is the engineering, construction and services subsidiary of Halliburton (HAL: NYSE).

John Evans, COO for KBR's Infrastructure business in Europe & Africa said, 'This award builds on our expertise as a leading player in PPP projects in the roads sector and further establishes our presence in Ireland. We are delighted to be working with the NRA on this strategically important infrastructure project.'

The N8 road connects Cork to Portlaoise and forms part of the strategic link between Cork and Dublin. The N8 Rathcormac-Fermoy bypass comprises the construction of approximately 17.5 km of two-lane motorway together with associated interchanges and local road realignments and includes a 450 m long viaduct spanning across the Blackwater Valley.

The DirectRoute consortium consists of KBR Ltd, Strabag AG, John Sisk & Son (Holdings) Ltd, Lagan Holdings Ltd, Roadbridge Ltd. and the First Irish Infrastructure Fund (a joint AIB/European Investment Bank fund established for the purpose of investing in PPP projects and private sector infrastructure developments in Ireland and across Europe).

KBR is the construction supervisor for the Dublin Port Tunnel project and is a member company in the Road Management Group (RMG) which has four design-build-finance-operate PPP road concessions in the UK.

KBR is a global engineering, procurement and services company. Whether designing a chemical plant, serving as a defence industry contractor, or providing capital construction, KBR delivers world-class service and performance. KBR employs 64,000 people in 43 countries around the world.

Founded in 1919, Halliburton 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 business segments. The company's World Wide Web can be accessed at www.halliburton.com.

Contact
Ken Beedle
ken.beedle@halliburton.com
KBR
Public Relations - UK
(p) 44.1372.866622

http://www.halliburton.com/news/archive/2004/kbrnws_062104.jsp



2004 Press Releases

FOR IMMEDIATE RELEASE: June 21, 2004

KBR CONSORTIUM AWARDED RATHCORMAC-FERMOY BYPASS DBFO

LONDON - The KBR consortium, DirectRoute, has been awarded the contract to design, build, finance and operate (DBFO) the N8 Rathcormac-Fermoy bypass by the National Roads Authority in Ireland (NRA). The project is part of the NRA's public private partnership (PPP) roads programme in Ireland. KBR is the engineering, construction and services subsidiary of Halliburton (HAL: NYSE).

John Evans, COO for KBR's Infrastructure business in Europe & Africa said, 'This award builds on our expertise as a leading player in PPP projects in the roads sector and further establishes our presence in Ireland. We are delighted to be working with the NRA on this strategically important infrastructure project.'

The N8 road connects Cork to Portlaoise and forms part of the strategic link between Cork and Dublin. The N8 Rathcormac-Fermoy bypass comprises the construction of approximately 17.5 km of two-lane motorway together with associated interchanges and local road realignments and includes a 450 m long viaduct spanning across the Blackwater Valley.

The DirectRoute consortium consists of KBR Ltd, Strabag AG, John Sisk & Son (Holdings) Ltd, Lagan Holdings Ltd, Roadbridge Ltd. and the First Irish Infrastructure Fund (a joint AIB/European Investment Bank fund established for the purpose of investing in PPP projects and private sector infrastructure developments in Ireland and across Europe).

KBR is the construction supervisor for the Dublin Port Tunnel project and is a member company in the Road Management Group (RMG) which has four design-build-finance-operate PPP road concessions in the UK.

KBR is a global engineering, procurement and services company. Whether designing a chemical plant, serving as a defence industry contractor, or providing capital construction, KBR delivers world-class service and performance. KBR employs 64,000 people in 43 countries around the world.

Founded in 1919, Halliburton 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 business segments. The company's World Wide Web can be accessed at www.halliburton.com.

Contact
Ken Beedle
ken.beedle@halliburton.com
KBR
Public Relations - UK
(p) 44.1372.866622


2002 Press Releases
FOR IMMEDIATE RELEASE: July 22, 2002

TULLOW OIL ADOPTS LANDMARK SOFTWARE, SOLUTIONS AND SUPPORT

- Leading-edge international oil company deploying advanced software applications -

DALLAS, TX - Landmark Graphics Corporation, a wholly owned business unit of Halliburton (NYSE:HAL), announced today that Tullow Oil has chosen to adopt Landmark's suite of geological and geophysical software products and support services. As a result of the contract, Tullow will be using Landmark's geological, geophysical, reservoir simulation and drilling applications for all of its operations. Approximately 10 international projects will be converted initially from a legacy system to Landmark's OpenWorks™ platform. Landmark will provide technical support, training and consulting services.

"Through this contract, Landmark will be able to support Tullow's objectives of data interpretation and integration, workflow management and ultimately technical risk reduction," said Andy Lane, president and CEO of Landmark. "This shift to Landmark will provide industry-leading services for Tullow's operations while adding value through technology innovation and a thorough understanding of their corporate objectives and commitment to excellence."

Under the terms of the contract, Landmark will provide a complete suite of integrated software tools and services based on a network-centric infrastructure for Tullow. This contract is intended to enable their staff to utilize state-of-the-art integrated applications for rapid response and quick, accurate decision making. This highly flexible agreement supports Tullow's UKCS projects in London as well as international operations based in Dublin, Ireland. Landmark's GeoGraphix products are included in the software solution as well as Landmark's traditional Unix-based applications enabling Tullow to support Microsoft Windows ™ users and mobile computing environments.

"Tullow is pleased to make this change, which represents a significant step forward in implementing its objectives of deploying state-of-the-art technology as an integral part of upstream operations," said Gerry Sheehan, exploration manager.

Tullow Oil is an independent oil and gas exploration, development and production company with interests in the North Sea, Onshore UK, Pakistan, Bangladesh, India, Côte d'Ivoire, Romania, Egypt and Algeria. Its principal offices are in London and Dublin.

Landmark is the leading supplier of software and services for the upstream oil and gas industry. The company's software solutions span exploration, production, drilling, business decision analysis and data management. Landmark offers a broad range of consulting services that enables customers to optimize their technical, business and decision processes. Visit the Landmark Web site at www.lgc.com for more information.

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.

EDITOR'S NOTE: Landmark, the Landmark logo and OpenWorks are trademarks or registered trademarks of Landmark Graphics Corporation. All other trademarks, service marks and product or service names are the trademarks or names of their respective owners.


Contact
Beverly Scippa
beverly.scippa@halliburton.com
Halliburton
(p) 713.676.7926

Wendy Goodbody
wgoodbody@tullowoil.ie
Tullow Public Relations
(p) 353.1.213.7306



2002 Press Releases
FOR IMMEDIATE RELEASE: May 30, 2002

KBR WINS AWARD FOR EXCELLENCE IN TUNNEL DESIGN

LONDON - Kellogg Brown & Root (KBR) has won the Excellence in Tunnel Design category of the Tunnelling Industry Awards 2002 for its role in the design and construction of the Ramsgate Harbour approach road tunnel. KBR is the engineering and construction subsidiary of Halliburton (NYSE: HAL).

John Evans, Europe & Africa COO for KBR's Infrastructure business, said: 'This is great accolade for our tunnel engineering group and demonstrates KBR's strong commitment to engineering excellence.'

The £30m project involved the design and construction of a 800m long tunnel forming part of a 2.2km long new highway to bypass the town centre of Ramsgate and allow heavy road vehicles to access the port. KBR was appointed as the design consultant for the project by Kent County Council and in an alliance with the construction contractor, Taylor Woodrow-Perforex, was responsible for planning, design and construction supervision from 1994 to its completion in 2000. KBR worked in close cooperation with Kent County Council's consultants, Babtie Group and Taylor Woodrow's designer, Halcrow, to provide a cost-effective design solution for the Ramsgate scheme.

KBR is currently construction supervisor for the design and construction of the £350m Dublin Port Tunnel and is programme manager for the Egnatia highway in Greece, which includes 80km of tunnels.

KBR is an international, technology-based engineering and construction group, which provides a full spectrum of industry-leading services for governments and public infrastructure and to the hydrocarbon, chemical, energy, and forest products industries.

Founded in 1919, Halliburton 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 business segments. The company's World Wide Web can be accessed at www.halliburton.com.

Contact
Ken Beedle
ken.beedle@halliburton.com
Halliburton
Public Relations
(p) 01372.866622

Port tunnel entry to be restricted because of fire hazard

Access to the Dublin Port Tunnel will have to be carefully controlled to avoid a fire disaster because the ventilation system is not adequate to cope with congested traffic, a traffic management report to be published next week reveals. Frank McDonald, Environment Editor, reports
The report, which is to be published by Dublin City Council, will outline a strategy to manage heavy goods vehicles (HGVs).It is also expected to show that the €650 million tunnel will not bring as much relief to the Liffey quays from traffic congestion as was anticipated.
Mr Michael Egan, spokesman for the National Roads Authority, told The Irish Times yesterday that it would have cost an extra €100 million to install a more sophisticated smoke extraction system that would work even in bumper-to-bumper traffic.
"A tunnel that's 4.5 kilometres long is going to be a hostile environment anyway. The last thing you want is people stuck in traffic because a fire in that situation would create panic with the potential for significant loss of life."
It is understood that Dublin City Council's project engineers advised that a smoke extraction system be installed, rather than leaving it to the ventilators to "push" the smoke out. But this was ruled out by the National Roads Authority on cost grounds.
The project was designed before the two most recent fire disasters in the Alpine tunnels of Mont Blanc and St Gotthard, in 2000 and 2001 respectively, which led to a review of international best practice to avoid "worst case scenarios".
"No matter how good the ventilation system is, if a tunnel is chock-a-block with traffic, there's the possibility of a major disaster," said Mr Egan.
"But the port tunnel has cross passages between the two tubes as a means of escape."
Because a smoke extraction system has not been installed, access to the twin-tube tunnel will have to be controlled at each end to ensure free-flowing traffic at all times. This could lead to significant tailbacks at the two portals, off East Wall Road and on the M1 motorway.
However, Mr Egan said the National Roads Authority was "absolutely satisfied" that the project "meets best international practice".
He stressed this meant that "there has to be a high level of certainty at all times that traffic entering the tunnel can get out at speed".
Spending an additional €100 million to further enhance ventilation would not necessarily have produced a better result, he said.
"We do not believe that safety has been compromised in normal traffic movement."
The draft traffic management plan being finalised by the city council will provide for full closure, partial closure and regulated entry at each end in order to keep traffic moving at free flow along the tunnel's four-lane dual-carriageway.
One of the principal aims of the plan is to maximise the use of the tunnel by HGVs, particularly to relieve the Liffey quays.
But even apart from the controversy over its height, there is doubt about what proportion of these heavy goods vehicles will actually use it. "We probably gilded the lily a bit," one insider source conceded yesterday.
"The situation is more complex than it was presented," he said. "It's probably fair to say that we inadvertently oversold the benefits." The draft management strategy attempts to quantify the number of HGVs, with destinations in the inner city, for which the quays would be more convenient than the tunnel, but it still forecasts that a "significant" proportion will use the tunnel.
Meanwhile, tunnel project managers, Kellogg Brown and Root - a subsidiary of Halliburton, the US military's biggest contractor - is under investigation for overcharging by more than $16 million for meals served to US troops in Iraq.