CROSCO Integrated Drilling & Well Services Co., Ltd. commences drilling services for SIPETROL INTERNATIONAL S.A. Egypt Branch.

The CROSCO drilling services are being provided on the Opal Sinai-1 well as a part of a two firm plus one optional well contract. The well is located in the Rommana concession in the North Sinai region of Egypt. All drilling services are being provided with CROSCO 2000 HP drilling rig Emsco-605.

Igor Vrban, President of Crosco stated, ''The commencement of CROSCO drilling activities in Egypt signals recommencement of CROSCO drilling activities in North Africa. CROSCO is actively preparing additional rigs in Egypt and is working to quickly return to work with three CROSCO drilling rigs based in Libya.'' He further explained, ''North Africa has for decades been a core CROSCO market. We are looking forward to using CROSCO's Egypt and Libya infrastructure and market knowledge to help our clients re-establish and grow throughout the region.''

CROSCO 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, Turkey, Albania, Hungary, Italy, B&H 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.

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