15/7/10 – US $100 Million Contract for Drilling and Production Awarded to Equipment Dril-Quip, Inc.
15 July 2010
Dril-Quip, Inc. 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. Dril-Quip is to provide surface production tree systems, production riser systems and a drilling riser system to the project. Delivery will begin in the fourth quarter of 2012.
Dril-Quip, Inc. is one of the world’s leading manufacturers of precision-engineered offshore drilling and production equipment that is well suited for use in deepwater, harsh environments and severe service applications. The Company designs and manufactures subsea, surface and offshore rig equipment for use by oil and gas companies in offshore areas throughout the world. Dril-Quip also provides installation and reconditioning services as well as rental running tools for use with its products.