Crosco wins new contracts

Crosco is pleased to update activities in Libya, Egypt, Syria and Hungary, as follows:


Crosco recently commenced provision of drilling services with Crosco 2000 HP drilling rig Emsco 603 (Emsco C-2II) for Woodside Energy North Africa Limited.    Currently Crosco is drilling wildcat well A-1-NC209, Block NC209 in the Sirte Basin.   The proposed total depth of Woodside’s first well in Libya is 4,120 meters. Services in Libya are also being provided to Eni Gas BV Libyan Branch as well as for Agip Oil.


Crosco has commenced drilling wildcat well Drazia-1 with 2000 HP Crosco drilling rig Emsco 605 (Emsco C-2II) for INA Industrija nafte d.d. Zagreb Naftaplin (Egypt Branch).   This first well of a planned two well program is on the East Yidma concession, Alamein Sub-Basin, in the Northern Egyptian Basin near the city of Al Alamein. The planned well depth is 3,660 meters.


Crosco has commenced drilling an exploration well for Gulfsands Petroleum PLC with Crosco 1500 HP drilling rig Midco 501 (Mid Continent U914EC). The Suwaidiyah North 1 well is being drilled in Block 26 in the Zagros Province.   The planned well depth is 2,200 meters.
Services in Syria are also being provided to Al Furat Petroleum Co (Shell), Dublin International Petroleum and INA-Naftaplin.


Crosco continues with drilling services for TXM Oil & Gas Exploration LLC a wholly owned Hungarian subsidiary of Falcon Oil &Gas Ltd.    Drilling services are being provided with 1000 HP Crosco National 403 (National 80 UE) and 3000 HP Crosco National 801 (National 1625 UDBE).   Crosco National 403 has completed drilling the Szekkutas-1 well to the depth of 3,585 meters on the Mako License.  Crosco National 801 is currently drilling the Mako-6 well also on the Mako License.   The Mako-6 is planned to a well depth of 6,000 meters.