Crosco Drilling Wins Safety Award for Work in Libya

Crosco Integrated Drilling & Well Services Co., Ltd. received an outstanding safety performance award from Woodside Energy North Africa. The award was received in recognition of Crosco Drilling Rig 603 achieving 1000 days of operations with Woodside Energy North Africa without a Lost Time Incident. The 1000 day milestone was achieved on the 30th of September, 2008, on an on-going drilling services project in Libya for Woodside Energy North Africa.

Bojan Milkovic, Crosco's President and CEO explained, "Our objective at Crosco is to always operate without incidents. Crosco has implemented health, safety, environment and quality management systems as well as other systems and policies such as preventative maintenance to ensure continual improvements in HSE&Q performance. We are particularly pleased with the Woodside award since it shows that we are achieving our desired HSE&Q results."

Crosco is an integrated onshore and offshore drilling and well services contractor. The company has a fleet of 66 modern drilling, workover and geoservices rigs as well as one semisubmersible and one jackup. Crosco is also the 100% owner of Hungarian based Rotary Drilling Company. Rotary's drilling fleet includes 8 drilling rigs and the company also provides workover and other well services. Using state-of-the-art western equipment, Crosco also provides the following services: well testing, coil tubing, nitrogen, cementing, stimulation, logging, mud, coring, fishing and directional drilling. In addition, Crosco provides drilling services with bareboat contracted Diamond jackup rig Ocean King and provides maintenance services on ENI's Libyan Sabratha production platform.

Crosco is currently providing services in Oman, UAE, Syria, Egypt, Libya, Italy, Hungary, Bosnia and Herzegovina, Slovenia, Croatia and Mexico. Crosco has been providing services internationally since 1958 and has provided services in 34 countries for many of the world's most recognized oil companies. The company has ISO 9001, ISO 14001 and OHSAS 18001 certification from Bureau Veritas Certification Croatia. Crosco is also a member of the International Association of Drilling Contractors and the International Well Control Forum. Crosco has an annual revenue surpassing US$ 250 million. The company's headquarters are located in Zagreb, Croatia.