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Crosco Provides Offshore Drilling Services in Tunisia

Maritime Activity Reports, Inc.

September 25, 2002

Crosco Integrated Drilling & Well Services Co., Ltd. announced the commencement of drilling services for Thyna Petroleum Services (TPS). Drilling services are being provided with Crosco's 1000 HP drilling rig Ideco-301 (Ideco H 44 ED) that has been set up on a barge (pontoon) to drill offshore. The first well of the drilling program (well Cercina 15) is currently being drilled on the offshore Cercina concession near the island of Kerhennah in Tunisia. Crosco's Area Manager, Predrag Cindric, said: Crosco currently has two drilling rigs providing services in Tunisia. Since 1988, in the Tunisian market, Crosco has been providing onshore and offshore drilling and well services and has provided services for nine international operators.

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