Ensco, Tesco Strike Equipment Placement Deal

Tesco Corporation on Wednesday announced that it has entered into an equipment placement agreement with Ensco Offshore Company to provide Tesco's proprietary Casing Drive System (CDS) onto Ensco's offshore rigs.

Ensco Offshore Co., based in Broussard, Louisiana, is a full-service drilling contractor operating in the Gulf of Mexico and South America. Under terms of the agreement Tesco and Ensco will cooperate in placing CDS tools aboard rigs for use by Ensco's operating customers. As part of the agreement, Tesco will place their CDS tools on mutually agreed Ensco rigs. The parties will work together to provide a value-added service including services and personnel of both companies for delivery of improved technology in running casing at the well site.

John Knowlton, General Manager, Ensco Offshore, stated, "Ensco recognizes the importance and value of providing safety, performance, and reliability enhancing services to our customers and we are pleased to help facilitate access by operators to Tesco's CDS technology."

Julio M. Quintana, President and CEO, Tesco Corporation, added, "We have consistently stated that Tesco would advance our tubular services offering utilizing key relationships with global drilling contractors such as Ensco. We are very pleased to have earned the support of Ensco and continue to believe that automated running of casing with tools such as our CDS will become the standard by which the industry measures quality service."

Tesco Corporation is a global leader in the design, manufacture and service of technology based solutions for the upstream energy industry.

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