Memorandum of Understanding between Halliburton and CROSCO

CROSCO, Integrated Drilling & Well Services Co., Ltd. has signed Memorandum of Understanding with Halliburton Company Germany (GmbH)  representatives in Zagreb, Croatia, on February, 6th 2015, for jointly exploration and investigation of deploying suitable technologies and best practices  through collaboration in Balkans and Middle East.The scope of strategic relationship will be delineated by way of Halliburton and CROSCO identifying the various technologies, best practices, products and services that Halliburton or any of its Affiliates along with CROSCO line of services will deploy to the market place in mentioned areas. The Memorandum is concluded for the period until December 31st 2016.