2007 Corporate Sustainability Report - Halliburton

Business Conduct (COBC) that
relate to harassment and equal
employment opportunity.
• We implemented a new Joint Venture
(JV) and Non-Wholly Owned
Subsidiary (NWOS) policy in February
2007. This policy establishes a process
for designating which Halliburton
policies and business practices a JV
or a NWOS will be asked to adopt.
Meeting Continuing
Challenges: It starts
with vision.
No company can afford to rest on
it's past successes. Long term success
is based on the ability to anticipate
and meet today's and tomorrow's
challenges and opportunities at the
global and local level. With planning,
strategic thinking and anticipation,
we examine every challenge
through the lens of opportunity.
Expanding our technology footprint
by globalizing our technology
centers will put us in closer contact
with our client base and allow us to
take advantage of a workforce with
greater diversity in talent, educational
backgrounds, skill sets and solutions.
Services’ ReFlexRite® multilateral system.
The ReFlexRite system technology is
an important step toward extending
the productive life of existing wells in
mature fields in a cost-effective manner.
We continue to focus on our safety
performance. In 2007, we had four
employee fatalities. Nothing we do is
more important than eliminating loss of
life in our operations. We experienced
decreases over 2006 in our Total
Recordable Injury and Lost Time Injury
rates. We continue to regard the safety
of our employees as a core value and as
the first consideration in everything we
do; we will not be satisfied until we have
achieved our goal of zero incidents.
Talent attraction and retention remain
among our key ongoing business
challenges. No business can succeed
without the ability to acquire and retain
an educated and motivated workforce.
In 2007, we increased hiring, reduced
turnover and accelerated employee
training over the previous year. These
challenges remain at the forefront
of all of our business activities.
Climate change is increasingly
seen as a major factor for business.
Reducing carbon emissions is good
business and presents new business
opportunities. Finding ways to
take advantage of this issue is seen
as a key business opportunity.
Awards: It starts with setting
the bar very, very high.
Aiming high tends to make
Halliburton people high achievers.
It is not surprising, then, when our
company and our people win industry
awards, gaining global recognition
for the innovative work we do for our
customers, and for the exemplary ways
in which we conduct our business.
January 2007 – Halliburton won the 2007
Offshore Energy Achievement Award in
Well Construction for Sperry Drilling
March 2007 – Halliburton was named
at the 2007 Offshore Technology
Conference as a recipient of the Spotlight
on New Technology Award for the
Honey Comb Base (HCB) tank system
for cuttings storage and discharge.
April 2007 – Halliburton won three
Hart’s E&P meritorious engineering
achievement awards. Halliburton’s
three prize-winning technologies were:
the ReFlexRite multilateral system;
AssetPlanner software; and the
SuperFill surge reduction system.
May 2007 – Halliburton was chosen
by the Engineering, Science and
Technology Council of Houston
to receive an award for Excellence
in Education in recognition of the
Project Energy Teacher Workshop
held at the Offshore Energy Center.
Corporate Sustainability Report 2007 7