Stabil Drill Wins BHI Contract in Trinidad

Stabil Drill and Baker Hughes INTEQ entered into a long-term agreement in which Stabil Drill will provide Total Tool Management (TTM) for BHI's operations in Trinidad.

Under the TTM program Stabil Drill will assume all responsibility for handling BHI's downhole tools, (stabilizers, subs and Non-Mag drill collars) including repair, dispatch and inventory control. In addition Stabil Drill will provide BHI a (pre-determined) exclusive inventory of premium quality (DS-1 Category 5) downhole tools, at a flat monthly rate. "This will allow each company to focus on what they do best," said Sammy Russo Stabil Drill CEO.

Additionally Stabil Drill will assist its Joint Venture partner Staulbe Machine in obtaining API and ISO status.

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