CROSCO National 801 drilling for TOTAL E&P Libye in Libya

ZAGREB, Croatia, April 6 /PRNewswire/ - CROSCO Integrated Drilling & Well Services Co., Ltd. is pleased to announce the ongoing and successful provision of drilling services for TOTAL E&P Libye in Libya. Drilling services are being provided with CROSCO 3000 HP drilling rig National 801 (National 1625 UDBE) on wildcat well A1-42/4 in Area 42, Block 4, Jabal Akhdar Uplift, Cyrenaica Platform.

Vlado Lescan, CROSCO's General Manager Libya explained, 'CROSCO is very pleased to have been given the opportunity by TOTAL E&P Libye to mobilize a drilling rig into the Libyan market and to provide drilling services for TOTAL E&P Libye. In addition to the drilling services being provided for TOTAL E&P Libye, CROSCO is also providing maintenance and spare part management services on an offshore Libyan production platform. Soon CROSCO is also looking forward to providing drilling services with the two CROSCO 2000 HP rigs that are in Libya. We look forward to providing all of our clients with knowledge and experience gained from two decades of work in Libya.'

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. CROSCO's 2008 annual revenue was US$ 440 million. The company's headquarters are located in Zagreb, Croatia.

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

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