Boots & Coots Signs Two-Year Hydraulic Workover And Safeguard

Houston, TX - Boots & Coots International Well Control, Inc. announced it has signed a multi-service contract with Libya's Harouge Oil Operations Company. The new contract, valued at close to $15M for a two-year period, with optional one year extensions, provides for one hydraulic workover unit and a Safeguard prevention well control specialist for Harouge's Amal field.

"In seeking economic efficiency in maintaining its field, Harouge has selected Boots & Coots' snubbing services as a viable alternative to standard workover, along with our training and risk management services," stated Jerry Winchester, president and chief executive officer. "We're excited to work with Harouge and believe opportunities to extend and bundle our services under long-term contracts and provide similar programs to other oil-producing companies will continue."

The hydraulic workover and prevention services provided under the contract give Harouge inhouse first responder capabilities and will help the oil company achieve its field maintenance and production objectives. Boots & Coots currently performs services under hydraulic workover/snubbing and/or Safeguard contracts in the North African neighboring countries, Algeria and Egypt, as well as inWest Africa, the Middle-East, Venezuela, India, Oman and domestically in the US.

SOURCE: Boots & Coots International Well Control, Inc.,