CROSCO mobilizes additional workover rigs to Oman

ZAGREB, Croatia, May 3 /PRNewswire/ - CROSCO Integrated Drilling & Well Services Co., Ltd. is pleased to announce that two additional workover rigs, CROSCO Cardwell 9 and CROSCO Cardwell 10 have been mobilized to Oman. Both workover rigs will be made available to CROSCO's joint venture company in Oman (MIDWESCO) for workover and field maintenance services. Currently, MIDWESCO is providing workover and field maintenance services with four CROSCO workover rigs (Skytop 4, National 1, Cardwell 11 and Cardwell 13) as well as slickline services with two CROSCO highly mobile wireline crane units.

Drazen Herak, Midwesco's General Manager explained, "With the arrival of the two CROSCO workover rigs, Midwesco currently has available in Oman two CROSCO workover rigs and three CROSCO slickline units. We are prepared to commence work with the available workover rigs and slickline units. In Oman, we have a well equipped maintenance base and excellent maintenance staff and personnel. We maintain a sizeable inventory of spares and replacement parts. Plus we have both an effective Preventative Maintenance System and QHSE management systems in place. Our results speak for themselves, we have achieved extraordinary safety and operating results in Oman including a safety record of over ten years of slickline services in Oman without a Lost Time Incident (LTI)."

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 also provides the following services: well testing, coil tubing, nitrogen, cementing, stimulation, logging, mud, coring, fishing, and directional drilling, In addition, CROSCO provides drilling services with bareboat contracted Diamond jackup rig Ocean King and provides maintenance services on ENI's Libyan Sabratha production platform.

CROSCO is currently providing services in Oman, Syria, Egypt, Libya, Italy, Hungary, Bosnia and Herzegovina, 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 also a member of the International Association of Drilling Contractor 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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