REAL TIME AND HALLIBURTON The oil and gas industry has always been a volatile business. Skyrocketing prices. Precipitous declines. Companies scrambling to compete. Only now the stakes are even higher. Because costs are higher today, risks of exploration and development are greater and demands for return on capital are louder. Not only do companies have to be smart in managing their businesses, they also have to make timely decisions. And that takes knowledge. In the face of these challenges, Halliburton has created a new way of thinking and working and delivering value called Real Time Reservoir SolutionsSM (RTRS). More than just technology, RTRS is a network of people, processes and products extending throughout both hemispheres and across the globe. RTRS is advanced drilling, completion and reservoir concepts that enable customers to increase the value of their asset by reducing capital expenditures and operating costs, delivering production sooner, increasing recoverable reserves and controlling the development cost. All of which helps drive our customers’ bottom line. RTRS includes powerful computers and Internet portals linking our people, our customers and our suppliers to improve productivity and speed delivery. And bringing it all together — the global HalLinkSM communications network, one of several connection options. As data travels from sensing devices in the reservoir to 3-D visualization and interpretation at the customer’s office or to any point on the globe, virtual teams of experts view the same real time operations and data, sharing knowledge and solving problems instantly. Our leading-edge technologies are backed by applications that accurately and automatically capture job data. This data is then processed, displayed, analyzed and used to improve decision making and collect best practices so that we can leverage the full scope of Halliburton’s global resources. Real Time Operations (RTO), one of the components of RTRS, has quickly become a way of life for most of our products and services. In 2001, Halliburton’s leading-edge technologies, including RTO, helped us achieve record safety, quality, productivity and cost milestones in the Gulf of Mexico. And we continue to add to our capabilities. The addition of Magic Earth — a leading real time 3-D volume visualization and interpretation company — to Halliburton’s Landmark Graphics Corporation significantly enhances the technologies provided to visualize and interpret ever-larger amounts of seismic data. With Landmark’s acquisition of PGS Data Management Division and PetroBank, we are emerging as the industry’s premier data and application service provider. Exploration and production companies now have 24-hour, Web-based access to huge volumes of exploration and production data worldwide. The point is, as our customers continue to seek new ways to reduce cycle times, lower costs, minimize risks and, most important, extract the full value of the reservoir, Halliburton will be there with them, offering unmatched knowledge and reservoir solutions in real time.