CROSCO Wins Drilling Contract in Kurdistan

CROSCO Integrated Drilling & Well Services Co., Ltd. is pleased to announce that wholly-owned subsidiary Rotary Drilling Company commenced with the provision of drilling services for Kalegran Limited, a wholly-owned subsidiary of MOL Hungarian Oil and Gas Company.

Drilling services are being provided with Rotary 2000 HP drilling rig Rotary 67 (pictured). The Bekhme 1 well, the first of a two firm well contract, is being drilled in the Akre-Bijeel [Akri-Bijeel] Block, Kurdistan Region of Iraq.

Igor Vrban, President of CROSCO explained:

"CROSCO is very pleased to be established in the Kurdish region of Iraq and to be providing drilling services to Kalegran. CROSCO's subsidiary Rotary has established a branch office in Erbil and is actively pursuing drilling and oilfield service projects in the country and soon expects to mobilize additional equipment. The Kurdish region of Iraq and the entire country is a prime strategic growth pillar for CROSCO."

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