Hydril Receives Order From Diamond Offshore

Hydril Company announced it has received another order for the purchase of a blowout preventer multiplex control system from a subsidiary of Diamond Offshore Drilling, Inc. Delivery of the system will be in 2003 for use within the Diamond Offshore fleet of rigs. Chris Seaver, president and CEO of Hydril Company said "This is the third deepwater blowout preventer multiplex control system Diamond Offshore has ordered from Hydril since the third quarter of last year. We are pleased to be selected to assist Diamond in their on-going program to upgrade their deepwater fleet of rigs."