Schoeller-Bleckmann Oilfield Equipment AG: Schoeller-Bleckmann subsidiary DSI receives major order from Petrobras – DSI downhole circulation tools ensure high operational reliability in deep drilling

Ternitz, 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:

Florian Schütz, Head of Investor Relations
Schoeller-Bleckmann Oilfield Equipment AG
A-2630 Ternitz, Hauptstraße 2
Phone: +43 2630/315 ext 251, fax ext 501
e-mail: f.schuetz@sbo.co.at