CROSCO announces provision of drilling services in the Kurdish region of Iraq

ZAGREB, Croatia, April 11 /PRNewswire/ - CROSCO Integrated Drilling & Well Services Co., Ltd. is pleased to announce that wholly-owned subsidiary Rotary Drilling Company commenced with the provision of drilling services for Kalegran Limited, a wholly-owned subsidiary of MOL Hungarian Oil and Gas Company.   Drilling services are being provided with Rotary 2000 HP drilling rig Rotary 67.   The Bekhme 1 well, the first of a two firm well contract, is being drilled in the Akre-Bijeel Block, Kurdistan Region of Iraq.

Igor Vrban, President of CROSCO explained, ''CROSCO is very pleased to be established in the Kurdish region of Iraq and to be providing drilling services to Kalegran.   CROSCO's subsidiary Rotary has established a branch office in Erbil and is actively pursuing drilling and oilfield service projects in the country and soon expects to mobilize additional equipment.    The Kurdish region of Iraq and the entire country is a prime strategic growth pillar for CROSCO.''

CROSCO is an integrated onshore and offshore drilling and well services contractor.   The company has a fleet of 66 drilling, workover and geoservices rigs as well as one semisubmersible and one jackup.   CROSCO is 100% owner of Hungarian based Rotary Drilling Company.  Rotary's drilling fleet includes 8 drilling rigs and the company also provides workover and other well services.    CROSCO provides the following well services: well testing, coil tubing, nitrogen, cementing, stimulation, logging, mud, coring, fishing and directional drilling.

CROSCO is currently providing services in Oman, the Kurdish region of Iraq, Syria, Egypt, Libya, Turkey, Albania, Hungary, Italy, Slovenia and Croatia.   CROSCO has been providing services internationally since 1958 and has provided services in 34 countries for many of the world's most recognized oil companies.    The company has ISO 9001, ISO 14001 and OHSAS 18001 certification from Bureau Veritas Certification Croatia.   CROSCO is a member of the International Association of Drilling Contractors and the International Well Control Forum.   The company's headquarters are located in Zagreb, Croatia.

SOURCE Crosco Integrated Drilling & Well Services Co., Ltd.

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