Zagreb 1 drilling for Edison in Ivory Coast and to drill for PEMEX in Mexico

CROSCO Integrated Drilling & Well Services Co., Ltd. is pleased to announce the award of a long term contract for CROSCO semisubmersible drilling unit Zagreb 1. In cooperation with local Mexican partner GOIMAR, S.A. de C.V., Zagreb 1 will provide drilling services for Mexican national oil company Pemex Exploración y Producción (PEMEX).    Zagreb 1 is scheduled to spud for PEMEX in February 2008 for a contract term of 549 days.

Zagreb 1 is currently in Ivory Coast waters providing drilling services for EDISON INTERNATIONAL S.p.A. on a one well programme.