Halliburton wins contract on Iraq oil firefighting
Thu March 6, 2003 08:31 PM ET
HOUSTON, March 6 (Reuters) - A Halliburton Co. HAL.N subsidiary Kellogg, Brown & Root (KBR) has won the contract to oversee any firefighting operations at Iraqi oilfields after any U.S.-led invasion, a Defense Department source said on Thursday.
KBR was widely viewed by many in the oilfield services industry as the likely candidate to oversee firefighting in Iraq's oilfields. Halliburton does extensive logistic support work for the U.S. military.
Vice President Dick Cheney served as Halliburton's chief executive officer from 1995 to 2000,
A possible beneficiary of Thursday's deal is oilwell firefighting company Boots & Coots International Well Control Inc., with which Halliburton has had an alliance since 1995.
A Halliburton spokeswoman declined comment and referred all questions to the Defense Department.