Already one of the world’s largest suppliers of offshore production facilities, Halliburton KBR has acquired GVA Consultants (GVAC), an industry-leading designer and constructor of semi-submersibles. GVAC, with assistance from Halliburton KBR, is now designing the largest steel semi-submersible production and drilling unit in the world. It will operate in one of the Gulf of Mexico’s ultra-deepwater fields. With GVAC, Halliburton KBR is the unmatched single source for these production platforms. Through greater efficiencies in the engineering of large LNG plants, we’re helping customers exploit previously inaccessible natural gas reserves. With demand for natural gas rising, and many large reserves waiting to be developed, LNG is growing in importance to the energy industry. And Halliburton is the preferred provider, building two-thirds of the world’s grassroots facilities. In 2001, we won contracts to design and build the foremost LNG facilities, including a $1 billion LNG project in Egypt; trains four and five for Bonny Island, Nigeria; and the Guangdong LNG receiving terminal in southern China. How to do more with less? That’s the question our customers are asking these days. Less money, finite natural resources, limited time. At the Halliburton KBR Technology Center in Houston, Texas, we are finding the answers in breakthrough process technologies for chemicals, petrochemicals, refining and fertilizers. A case in point is our revolutionary KRES (Halliburton KBR’s Reforming Exchanger System) technology. In the ammonia production process, KRES uses process heat instead of direct combustion to convert the natural gas feedstock. Not only is KRES technology efficient, it is environmentally benign, reducing carbon dioxide and other harmful emissions. KRES technology will be used in an ammonia plant revamp in the earth’s most populous country, the People’s Republic of China, where environmental issues have taken on great importance. Our Selective Cracking Optimum Recovery, or SCORETM, technology for ethylene production is another recent innovation. Combining ExxonMobil technology with our own, SCORETM technology produces higher ethylene yields at lower capital costs. In Saudi Arabia, a plant is being built using SCORETM technology, the first for this petrochemical-rich region. From developing cleaner, more efficient and cost-effective processing technology to creating next-generation fuels, Halliburton KBR is determining where the industry needs to go and leading it there.