Tesco Appoints Tripodo CFO

Tesco Corporation announced that Mr. Anthony Tripodo has been named Executive Vice President and Chief Financial Officer of Tesco Corporation effective January 8, 2007.

Mr. Tripodo comes to Tesco with over 30 years of experience in advancing financial roles, most of which were in the oil and gas industry. He started his career in 1974 working on tax and audit issues for Price Waterhouse and Company. In 1980 Mr. Tripodo joined Baker Oil Tools in the finance organization. He advanced steadily during his 17-year career at Baker until his departure in 1997 as Vice President of Finance and Administration for Baker Performance Chemicals.

From 1997 to 2003 Mr. Tripodo functioned as Executive Vice President and President of the Americas and also as Chief Financial Officer for Veritas DGC, Inc. Since 2003 Mr. Tripodo has been Managing Director of Arch Creek Advisors, LLC as sole proprietor. Arch Creek specialized in financial consulting and M&A advisory services for the oil and gas industry.

Mr. Tripodo graduated with a degree in accounting from St. Thomas University in Florida. He has worked as a certified public accountant in Florida and is a licensed broker dealer with the SEC and NASD. He has been or is a board member for Helix Energy Solutions Group Inc., Petroleum Geo-Services ASA, and VETCO International Ltd.(Private).

Mr. Julio Quintana, Tesco President and Chief Executive Officer stated:

"We are very excited about attracting someone of Tony's caliber to Tesco. The fact that Tony is willing to join us is but another example of the recognition in the industry of Tesco's bright future. Tony's extensive experience in transitioning and growing public service companies will serve Tesco very well as we continue to increase shareholder value."

Mr. Tripodo replaces Mr. Michael Kearney, who has chosen to leave Tesco to pursue other interests. Mr. Quintana added, "I want to personally thank Mike for the time and effort he put into moving Tesco to where we are today. Tesco has experienced excellent growth over the last two years and Mike helped make this happen. All of us at Tesco wish Mike the very best in the coming years."

Tesco Corporation is a global leader in the design, manufacture and service of technology based solutions for the upstream energy industry. The Corporation's mandate is to change the way people drill wells by delivering safer and more efficient solutions that add real value by reducing the costs of drilling for and producing oil and gas.

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