HSE, Boots & Coots Renew Well Control Alliance

HSE Integrated Ltd. (HSE) said that it has renewed an alliance agreement between Key Safety Services Inc. and Boots & Coots International Well Control, Inc. Key was acquired by HSE January 9, 2006, and is now wholly owned by HSE.

The alliance agreement was signed in late-2005. Boots & Coots offers a specialized risk management and well control insurance product to E&P companies in Canada called WELLSURE(R). Through this service, Boots & Coots works with well control and petroleum industry insurance underwriters to review proposed drilling programs and certain producing operations to analyze their risk potential for a blowout or related emergency situations. WELLSURE(R) also provides clients with an engineer or well control specialist to act as an advisor in the event of an operational risk or pressure control situation.

Boots & Coots is recognized around the world as a leading provider of this highly specialized service. The company relies on companies like Key for equipment or field personnel to support its WELLSURE(R) activities. Key has been a supplier of well control and emergency response services to the Canadian petroleum industry since it was founded in 2000. The alliance between Key and Boots & Coots was signed and announced November 29, 2005.

When Key was acquired by HSE in January 2006, HSE was obligated to terminate the alliance with Boots & Coots because of a previous commitment with another well control services provider. When that commitment expired, HSE contacted Boots & Coots to renew the alliance. This was formalized in early July.

On July 13, 2006, HSE announced it had reassembled the original Key Well Control team consisting of Rob Graefer, Jarvis Jackson, and Maurice Engman. This, combined with the renewed alliance with Boots & Coots, demonstrates HSE's commitment to be an industry leader in this area along with other aspects of the oil industry safety services packages including firefighting, breathing air, worker decontamination, on-site medical, air quality monitoring, and industry safety training.

HSE is an integrated supplier of industrial health, safety, and environmental services. From its head office in Calgary, Alberta, it serves its clients from field service locations in Alberta, British Columbia, Ontario, Nova Scotia, and Michigan.

Based in Houston, Texas, Boots & Coots is an internationally recognized leader in the provision of well pressure control services. The company provides a suite of integrated oilfield services centered on the prevention, emergency response, and restoration of blowouts and well fires as well as hydraulic workover/snubbing and hot tapping services.