FOR IMMEDIATE RELEASE             Contact:  Cedric Burgher
September 18, 2002                          Vice President, Investor Relations
                                            713-676-4608

                                            Wendy Hall
                                            Manager, Media Relations
                                            713-676-5227


HALLIBURTON ASBESTOS PLAINTIFFS AGREE TO EXTEND CURRENT STAY ON ASBESTOS CLAIMS

Dallas,  Texas - Halliburton  (NYSE:  HAL) today  announced  that it has reached
agreement with  Harbison-Walker  Refractories Company and the Official Committee
of Asbestos Creditors in the  Harbison-Walker  bankruptcy to consensually extend
the period of the stay contained in the Bankruptcy Court's temporary restraining
order until November 7, 2002. The Court's temporary restraining order, which was
originally  entered  on  February  14,  2002,  stays more than  200,000  pending
asbestos claims against  Halliburton's  subsidiary Dresser Industries,  Inc. For
more details on the stay,  Halliburton  refers to its earlier press  releases of
July 16, 2002,  June 4, 2002,  May 20, 2002,  February 22, 2002 and February 14,
2002.

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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