T-3 Energy Services, Inc. has successfully received a significant multiple rig order from a major drilling contractor operating in Russia. The initial commitment is in excess of $8.0 million and is expected to rise as additional contract awards are announced. As a major international oil and gas market targeted by T-3, Russia presents a solid ground for T-3 Energy to provide bundled drilling products, including BOPs, choke and kill manifolds, and control systems.
T-3 Energy continues to see a growing number of quotes directed at drilling in Russia. Additional opportunities continue to appear in which T-3 Energy's product and service offering appear tailor-made for such markets. As rig construction and demand for oil remains strong, T-3 Energy should see more firm purchase orders for multiple rig packages.
Source: T-3 Energy Services
