Dril-Quip, Inc. Awarded Drilling Riser Orders
Dril-Quip, Inc. today announced that the Company has recently been awarded orders for the supply of Dril-Quip Drilling Riser Systems for three newbuild deepwater floating drilling rigs. These orders have a total value of approximately $75 million and are scheduled for delivery during 2008 and 2009. Including these new orders, the Company’s current backlog is approximately $340 million, compared with its previously reported September 30, 2006 backlog of approximately $288 million.
Dril-Quip is a leading manufacturer of highly engineered offshore drilling and production equipment, which is well suited for use in deepwater, harsh environment and severe service applications. Dril-Quip’s latest investor presentation is available under the investor section of the Company’s website at http://www.dril-quip.com .
Source: Dril-Quip, Inc.
