CROSCO semisubmersible Zagreb 1 undergoes a maintenance program and five-year survey

ZAGREB, Croatia, July 11, 2011 /PRNewswire/ - CROSCO Integrated Drilling & Well Services Co., Ltd. is pleased to announce that CROSCO semisubmersible  Zagreb 1 is undergoing a comprehensive maintenance and service program as well as a five-year survey at the BrodoTrogir d.d. Shipyard in Trogir, Croatia.

Maintenance and service work is being done by CROSCO's Maintenance and Engineering Division.   The five-year survey is being conducted by Lloyd's Register.   Work being done on Zagreb 1 includes the complete overhaul of all drilling equipment, the BOP overhead crane and anchor winches.   The unit's BOP stack is being recertified in Cameron's facility, the hull is undergoing NDT class inspection and the anchor winches and wires as well as the ballast tanks and anchors are undergoing class inspections.   New high pressure mud, cement, choke and kill lines are being installed.    The mud pumps and electric motors are being serviced and anticorrosion protection is being done throughout.   All work is scheduled to be completed by October, 2011 and the work schedule can be expedited if required.   Zagreb 1 is available for charter.

Igor Vrban, President of CROSCO stated. "Interest for Zagreb 1 is being received from several global markets.   Crosco is using the current unexpected lull to prepare Zagreb 1 for future drilling projects which usually entail short deadlines upon contract award. Upon completion Zagreb 1 will be fully certified and refurbished.   Zagreb 1 is the best semisubmersible with a 450 metre or 1476 foot water depth capacity in the market."

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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