EANS-News: Schoeller-Bleckmann Oilfield Equipment AG / Schoeller-Bleckmann subsidiary DSI receives major order from Petrobras - DSI downhole circulation tools ensure high operational reliability in de

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Company Information

Ternitz (euro adhoc) - 20 December 2013. Schoeller-Bleckmann Oilfield
Equipment AG (SBO) announces conclusion of a large-scale framework
agreement with Petrobras. The contract volume currently amounts to
approximately USD 15.0 mill. over two years. After that period, an
option to extend the agreement will be available. SBO subsidiary
Drilling Systems International (DSI) based in Dubai will supply
downhole circulation tools to the Brazilian oil and gas group in the
next two years. The tools will be used mainly for offshore projects
to develop ultra-deepwater fields off the Brazilian coast and also
for onshore wells.

The main purpose of DSI's "PBL Multiple Activation Tool" (PBL tool)
is to minimise loss of circulation during the drilling process.
Additionally, the PBL tool is used for wellbore cleanup operations.
The benefit the PBL tool provides to customers lies in considerable
time and cost savings, as the system is highly reliable and easy to
operate.

Petrobras is one of the world's leading know-how owners in deepwater
and ultra-deepwater drilling. DSI received the order from Petrobras
against international competitors. SBO's subsidiary is the global
market leader for this niche technology. The company was acquired by
SBO in 2010 and has developed into a key sales, profit and technology
driver in the downhole tools segment of the SBO group. SBO also has a
branch office in Brazil.

Further inquiry note:
MMag Florian Schütz, Head of Investor Relations
Schoeller-Bleckmann Oilfield Equipment AG
A-2630 Ternitz/Austria, Hauptstrasse 2
Tel.: +43 2630 315-251
Fax: +43 2630 315-501
E-Mail: f.schuetz@sbo.co.at

end of announcement euro adhoc
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company: Schoeller-Bleckmann Oilfield Equipment AG
Hauptstrasse 2
A-2630 Ternitz
phone: 02630/315110
FAX: 02630/315101
mail: sboe@sbo.co.at
WWW: http://www.sbo.at
sector: Oil & Gas - Upstream activities
ISIN: AT0000946652
indexes: WBI, ATX Prime, ATX
stockmarkets: official market: Wien
language: English