Oil States Wins PTTEP Contract to Supply Marine Cranes

Oil States has been awarded a three-year contract valued at approximately $14 million (THB 432 million) to supply Offshore Marine Cranes to PTT Exploration and Production Company Limited (PTTEP). These cranes will be installed on new wellhead platforms in the Gulf of Thailand for the Bongkot and Arthit concession areas. The first six cranes will be delivered during the second half of 2011.

"This is a significant achievement for Oil States," said Frank Timmons, General Manager of Oil States Thailand, "which further enhances our leadership position in Thailand and the Southeast Asian markets and demonstrates the confidence PTTEP has in our Nautilus brand of offshore marine cranes."

Offshore marine cranes are typically installed on fixed or floating offshore structures and are used to transfer both equipment and people between supply vessels and the platform deck. These cranes are designed to strict engineering standards to ensure safe and reliable operation in the challenging marine environment.