Dril-Quip Awarded Contract for Repsol’s Ca Rong Do Project
HOUSTON , Feb. 22, 2018 (GLOBE NEWSWIRE) -- Dril-Quip, Inc. (NYSE:DRQ) today announced that Dril-Quip Asia Pacific Pte Ltd, its wholly-owned subsidiary based in Singapore, has been awarded a contract to supply top tensioned riser (TTR) systems and related services for the development of the Ca Rong Do Project located offshore Vietnam operated by Repsol with the participation of Mubadala, PVEP and PetroVietnam.
Dril-Quip will provide a drilling TTR system and multiple TTR systems for the production, gas injection and water injection wells. The systems will include tie back connectors, tapered stress joints, riser joints, riser connectors, keel joints, tensioner joints, spool joints, flexible jumpers, surface wellheads, surface trees, control umbilicals and tensioner systems.
Blake DeBerry, President and Chief Executive Officer of Dril-Quip, stated, “We are pleased to be awarded this significant contract that would not be possible without the hard work and dedication of our employees at multiple locations around the world. We believe the enhanced product offerings resulting from our January 2017 acquisition of OilPatch Technologies (OPT) also played an important role in our successful proposal, and we look forward to further strengthening our position as a leading provider of TTR systems by successfully executing on this project.”
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