Dril-Quip do Brasil LTDA, a wholly owned subsidiary, has been awarded a three year contract valued at approximately $180 million for the supply of subsea wellhead systems to Petrobras for use in the drilling of deepwater wells offshore Brazil.
Initial orders under the contract are valued at approximately $80 million and will be included in Dril-Quip's backlog at the end of the second quarter of 2009.
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