Halliburton Confirms Agreement to Settle with Nigeria

Halliburton HAL announced today the resolution of the previously disclosed investigation by the Federal Government of Nigeria arising out of allegations of improper payments to government officials in Nigeria in connection with the construction and subsequent expansion by a joint venture known as TSKJ of a natural gas liquefaction project on Bonny Island, Nigeria, in which Halliburton's former subsidiary KBR, Inc. had an approximate 25 percent interest.