Hydralift Receives New Equipment Orders

Hydralift has recently been awarded a contract by Maesk Contractors for delivery of drilling and compensation equipment for the new semisubmersible drilling rig "Maersk DSS-20", which is being partly built in Singapore for assembly at a yard in Baku. The rig will be operating in the Caspian Sea on a contract with Exxon Mobil. Hydralift's deliveries will take place in September/October 2002.

Recently, Hydralift has also received orders for delivery of drilling equipment for land rigs. Parker Drilling Co. has ordered drilling equipment for a land rig which will be operating for Exxon Mobil Sakhalin. Cooper Manufacturing Corp. in Houston has ordered drilling equipment for three land rigs which will be operating in the UAE.


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