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CROSCO achieves Safety Milestone
Wednesday, 23 January 2008
CROSCO Integrated Drilling & Well Services Co., Ltd. is pleased to announce that CROSCO EMSCO 603 drilling rig achieved a significant milestone on the 19th of December, 2007, of two years of drilling services, in Libya, for Woodside Energy North Africa without a Lost Time Incident (LTI).   This achievement was acknowledged by Woodside Energy Ltd., Middle East & Africa Drilling & Completions Manager, Clark Brannin in a letter dated the 27th of December, 2007.  In his letter, Clark Brannin congratulates the crew and outlines that CROSCO's policies of preventative maintenance, job hazard analysis, STOP cards, drills as well as hard work and focus were vital to achieve this milestone.
CROSCO to provide drilling services to RWE-Dea with CROSCO National 801
Friday, 16 November 2007
ImageCROSCO Integrated Drilling & Well Services Co., Ltd. is pleased to announce that CROSCO will be providing drilling services with CROSCO 3000 HP drilling rig National 801 for RWE-Dea Nile GmbH (RWE).    Drilling services will be provided in Egypt and will commence prior to the 2007 year end.

The National 801 drilling services contract amends a previous agreement where CROSCO was to have provided drilling services with CROSCO 2000 HP drilling rig Emsco 602 for a two year period.    The rig change was done to meet RWE's new requirements.

Emsco 602 is also expected to be mobilized to Egypt on a long term contract, in mid 2008, upon completion of a drilling services contract for Gulfsands Petroleum PLC (Gulfsands) in Syria.  Meanwhile, CROSCO 1500 HP drilling rig Emsco 401 will be mobilized to Syria to provide drilling services for Gulfsands under a 2 year contract. 

Crosco acquires Rotary Drilling
Wednesday, 31 October 2007

CROSCO Integrated Drilling & Well Services Co. Ltd is pleased to announce the signing of a purchase contract for 100% of the shares of Hungarian drilling and well services company Rotary Drilling Co. Ltd.   Rotary, a company of over 630 employees, provides services similar to CROSCO's which includes drilling, workover and other well services.
Crosco upgrade and refurishment of Crosco bareboated Ocean King commences
Tuesday, 14 August 2007
ImageCROSCO Integrated Drilling & Well Services Co., Ltd. is pleased to announce the commencement of upgrade and refurbishment work on Crosco bareboat chartered jackup rig Ocean King and the arrival of the jackup rig to the Croatian shipyard Nauta Lamjama.     

The Ocean King arrived in Nauta Lamjana on Thursday the 2nd of August, 2007.   Following positioning in the shipyard docks, Crosco commenced the upgrade and refurbishment of Ocean King.   All work on the Ocean King is being managed and conducted by Crosco’s Maintenance and Engineering Division.  Crosco will bring the Ocean King up to Croatian environmental and safety standards and regulations as well as prepare the jackup rig for an upcoming drilling services contract for Crosco’s client, INAgip.  Certification of the Ocean King to Croatian standards will also be done prior to Crosco’s commencement of drilling services for INAgip.
Crosco signs bareboat contract for Diamond Offshore jackup rig Ocean King
Friday, 27 July 2007
ImageCROSCO Integrated Drilling & Well Services Co., Ltd. is pleased to announce the awarding of a two year plus options bareboat charter contract with Diamond Offshore for use of the jackup drilling rig Ocean King.   Crosco will provide drilling services utilizing the Ocean King for INAgip in Croatian waters of the Adriatic Sea.

Crosco will conduct a necessary refurbishment and upgrade of the Ocean King to meet Croatian and INAgip standards and requirements.  The upgrade will be performed at the Croatian shipyard Lamjana.   The shipyard work is expected to commence in late July 2007 and the rig is expected to spud for INAgip on or about November 2007.   The Ocean King commenced mobilization to Croatia on the semisubmersible heavy lift vessel Black Marlin on the 7th of July, 2007.
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