Drillmec wins new onshore oil drilling Rigs contract worth about 85 million Usd

May 07, 2014

Cesena, 7 May 2014 – Drillmec S.p.A., a TREVI Group company, through its subsidiary Drillmec Inc., has been aw arded the supply of tw o onshore drilling rigs of 3,000 HP each f rom Petroleos Mexicanos (Pemex), the Mexican State company operating in oil exploration and extraction. The amount of the contract is approximately USD 85 million. These new ly developed rigs w ill be manufactured and tested in the USA at the Drillmec Inc. manufacturing plant in Houston, and later transferred and installed in Mexico. The rigs w ill mainly be utilized for the extraction of Shale Gas in Mexico in order to develop one of the most important recoverable reserves in the w orld.

The CEO of Drillmec, Simone Trevisani commented: "The acquisition of this order is of strategic importance to the strengthening of the Group in the Oil & Gas sector. Pemex’s recognition of Drillmec’s quality and technology further strengthens the presence of our company in the Americas and enables us to grasp new future opportunities”.

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