New contract awarded in Oman with Daleel Petroleum L.L.C.

Oman Sea PetroServices LLC (OSPS) has been awarded a new contract with Daleel Petroleum LLC (Oman territory) in the provision of Mud Logging services. The contract signed for 3-years with estimated commencement date first of April 2013.

New operations in Iraq- Kurdistan

PetroServices has started its first operation in Kurdistan Region – Iraq. In its continuous success with DNO in Yemen PetroServices has awarded its first contract in Kurdistan – Northern Iraq with DNO Iraq As drilling projects in the provision of mudlogging and geological services. The operation started successfully in October initially for 1 year with the option to extend the agreement for 1 additional year.

New contract in Oman with PETROTEL

Oman Sea PetroServices LLC (OSPS) a Joint Venture Company of PetroServices GmbH has been awarded a new contract with PETROTEL Oman LLC. in the provision of all Mud Logging tools personnel and equipment required for the drilling of an exploration well at PETROTELs location in Block 17 in Mussandam Oman. The operation has been successfully started in May 2012.

PetroServices GmbH – Egypt Branch has awarded 3- contracts

PetroServices GmbH – Egypt Branch has warded 3-contracts with ZEITCO PETROGULF & ABU Qeir in the provision of mud logging services. It is worth mentioning that PS Egypt Branch was operating successfully as to-date for ZEITCO since 2003 PetroGulf since 2007 and Abu Qeir since 2009. The 3-companies has announced for tenders where PS Egypt Branch has awarded them all.

Cooperation Frame Agreement

PetroServices GmbH has signed a Cooperation Frame Agreement with Goaltech Co. ltd which is one of the leading manufacturer of directional oil well in oil field and professional directional drilling services. Both parties abide by the principles of mutual win mutual benefit mutual advance mutual development cooperation and trust in each other. Mutual development and higher efficiency are the goal of the cooperation and underlying benefit. The agreement was signed by Mr. Nabil Nashed – PS GmbH Managing Director & Mr. Wensheng Sun – Goaltech Vice President at our office in U.A.E.

New operations in Puntland

PetroServices has started its new operation in Somalia with Canmex Holdings (Bermuda) II Ltd. which holds 60% interest in two large oil exploration licenses encompassing the Dharoor and Nugaal Valleys in the state of Puntland in northern Somalia. The well is currently preparing to drill ahead to a total planned maximum depth of 3800 meters. These wells are the first to be drilled into the deep areas of the rift basins and will be key to unlocking the hydrocarbon potential of this unexplored prospective trend.