CROSCO signs oilfield services contract with PSP d.o.o.

CROSCO, Integrated Drilling and Well Services Co., Ltd. is pleased to announce that the company signed the oilfield services contract with Podzemno skladište plina d.o.o. (PSP d.o.o.), on 26th of September 2012. The contract was signed from CROSCO`s side by Mr. Jerko Jelić-Balta, President and CEO and Mr. Péter Székely, Member of the Board. The contract shall be effective from the date of signing until 31st of December 2013. Oilfield services on PSP-Okoli wells are expected to commence in early October 2012.

The oilfield services contract includes all the following services: workover, well testing, coil tubing & nitrogen, cementing & stimulation, well logging, mud service, special oilfield services, oil tool maintenance, waste management and other services. All services will be provided in Croatia.