Halliburton Atlantic Limited (HAL) agreed to pay $304,706 on behalf of itself and its affiliate, Halliburton Overseas Limited (HOL), to settle potential civil liability for alleged violations of the Cuban Assets Control Regulations. The U.S. Department of Treasury’s Office of Foreign Assets Control (OFAC) alleged that, from approximately February 2011 to April 2011, HAL and HOL, two Cayman Island subsidiaries of Halliburton Energy Services, Inc., appear to have violated the regulations by dealing in property in which Cuba or a Cuban national had an interest when they exported goods and services in support of oil and gas exploration and drilling activities occurring on an oil concession in Angola. OFAC alleged that Cuba Petroleo, a state-owned Cuban company also known as Cupet, held a financial interest in the concession, and that HAL and HOL knew or should have known this. OFAC determined that the alleged violations were voluntarily self-disclosed, and constituted a non-egregious case.