CAT oil AG today announced that its operating subsidiary CATKoneft has been awarded tenders for conclusion of two three-year hydraulic fracturing contracts by Lukoil and TNK-BP worth 110 mn and 80 mn euros, respectively (based on a rouble-to-euro exchange rate of 40). Having around one-fourth of its hydraulic fracturing capacities already marketed for a three-year period starting 2013 and further tenders being at an advanced stage, the Company is well poised to accomplish its 2013 tendering campaign in the upcoming weeks. CEO Manfred Kastner: “Based on CAT oil’s well balanced and comprehensive service offering we entered the tendering campaign in Q4 2012 full of optimism. We are proud to announce today that we have been very efficient in marketing our capacities so far and stayed upbeat about prospects for another year of profitable growth for CAT oil.”
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CAT oil wins tenders for three-year hydraulic fracturing contracts
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