CROSCO extends bareboat charter of jackup rig Ocean King

CROSCO Integrated Drilling & Well Services Co., Ltd. is pleased to announce a 219 day plus options extension of the bareboat charter contract with Diamond Offshore for the use of the jackup drilling rig Ocean King.  The extension is a direct continuation of the current two year bareboat charter which expires in mid-November, 2009. CROSCO will continue to provide services with jackup rig Ocean King to clients in the Adriatic Sea.