The National 801 drilling services contract amends a previous agreement where CROSCO was to have provided drilling services with CROSCO 2000 HP drilling rig Emsco 602 for a two-year period. The rig change was done to meet RWE's new requirements.
Emsco 602 is also expected to be mobilized to Egypt on a long term contract, in mid 2008, upon completion of a drilling services contract for Gulfsands Petroleum PLC (Gulfsands) in Syria. Meanwhile, CROSCO 1500 HP drilling rig Emsco 401 will be mobilized to Syria to provide drilling services for Gulfsands under a 2-year contract.
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