Dril-Quip, Inc. Awarded $100 Million Contract for the Supply of Drilling and Production Equipment

abarrelfullabarrelfull wrote on 19 Mar 2014 07:10
Tags:


Dril-Quip, Inc. (NYSE: DRQ) today announced that it has been awarded a contract valued at approximately US $100 million by FloaTEC de Mexico S.A. de C.V. to supply drilling and production equipment for the P-61 Tension Leg Wellhead Platform (TLWP) to be installed in the Papa Terra field located in the Campos Basin offshore Brazil. The value of the contract will be included in Dril-Quip's backlog during the third quarter of 2010.

Dril-Quip will provide surface production tree systems, production riser systems and a drilling riser system to the project. Delivery of these systems will begin in the fourth quarter of 2012.


Unless otherwise stated, the content of this page is licensed under Creative Commons Attribution-ShareAlike 3.0 License