Hydril's Order Backlog Up
Hydril's backlog of orders for pressure control capital equipment reached $157 million as of December 31, 2005. This backlog is up from $61 million at September 30, 2005 and up from $15 million at December 31, 2004.
Since the company's November 22, 2005 press release regarding
new orders, Hydril has received purchase orders from a historical customer for two multiplex blowout preventer control systems with deliveries in the third quarter 2006 and first quarter 2007 for deepwater semi-submersible drilling rigs. In addition, a different customer signed a letter of intent for a blowout preventer stack and a multiplex blowout preventer control system which Hydril will deliver in the first quarter 2008 for service on a deepwater semi-submersible drilling rig.
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