CROSCO provides drilling services to Bankers Petroleum Albania

Jan 29, 2010, 15:00 ET from Crosco Integrated Drilling & Well Services Co., Ltd.

ZAGREB, Croatia, Jan. 29 /PRNewswire/ - CROSCO Integrated Drilling & Well Services Co., Ltd. is pleased to announce the commencement of drilling services for Bankers Petroleum Albania Ltd. Drilling services are being provided on the Patos Marinza oil field with CROSCO 900 HP drilling rig Skytop 3. Crosco subsidiary Rotary Pumping has been providing cementing services for Banker Petroleum Albania since 2008.

Bozidar Benko, CROSCO's General Manager Albania stated, 'CROSCO's commencement of drilling services for Bankers marks the return of CROSCO's drilling services to the Albanian market. CROSCO first provided drilling services in Albania back in 1996. Throughout the years, CROSCO has successfully drilled wells for Oxy, OMV, Premier and INA as well as provided various oil field services in the Albanian market. CROSCO's Albania market strategy calls for additional expansion and provision of services to new clients.'

CROSCO is an integrated onshore and offshore drilling and well services contractor. The company has a fleet of 66 drilling, workover and geoservices rigs as well as one semisubmersible and one jackup. CROSCO is 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. 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, Syria, Egypt, Libya, Italy, Hungary, Bosnia and Herzegovina, Slovenia and Croatia. 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 Contractor and the International Well Control Forum. CROSCO's 2008 annual revenue was US$ 440 million. The company's headquarters are located in Zagreb, Croatia.

SOURCE Crosco Integrated Drilling & Well Services Co., Ltd.