October 28, 2008

HALLIBURTON CO: Barracuda-Caratinga Arbitration v. KBR Ongoing

COMPANIES: Halliburton Co
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Halliburton Company’s KBR subsidiary continues to face Petrobras’ arbitration, which was commenced in March 2006, related to the Barracuda-Caratinga project.

The suit is claiming US$220 million plus interest for the cost of monitoring and replacing the defective bolts and all related…

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