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Sunday, June 29, 2003

Downhole Products bolsters global presence

AME Info United Arab Emirates: Wednesday, June 18 - 2003 at 08:43

Downhole Products PLC, a specialist designer and manufacturer of quality oilfield equipment, today announced that plans to strengthen its presence globally are proceeding as planned.


With the addition of its new U.S. region headquarters in Houston, manufacturing facilities in both the USA and Venezuela, and a regional office for the Middle East in Abu Dhabi, the company is offering much improved services to its customers worldwide. Combined with the major expansion of Downhole Products' international headquarters in Aberdeen, it has been a dramatic year.

Expanded Aberdeen Headquarters Offers Major Benefits In order to better serve its growing customer base, Downhole Products has taken a number of significant steps during recent months, beginning with a $750,000 extension of its world headquarters in Aberdeen. Located on 2-1/2 acres in the Badentoy Business Park, the company's 27,000 square foot base is now more than twice the size. The new complex offers significant benefits to clients and staff, with improved operations, manufacturing and equipment warehouse facilities. In addition to accommodating Downhole Engineering in the custom built machine shop facility with new CNC machines, the new warehouse houses a comprehensive range of solid centralisers and reamer shoes, including the Spir-o-lizer™, Spir-o-mizer™ and the Econ-o-lizer™. With approximately 25 permanent staff based in Aberdeen, Downhole Products will continue to provide a comprehensive range of solid centralisers and reamer shoes to the international oil and gas industry, as well as quick response precision machining services to the aviation and marine industries.

US Presence Strengthened with New Facilities in Houston and Louisiana This spring saw the opening of Downhole Products in the United States, with a new regional US office in Houston. "As Houston is the gateway to the North American market, it is the perfect location for our new regional office. The new facility will play a key role in Downhole Products' ability to keep pace with the demand we're experiencing in North America, particularly for our Spir-o-mizer™ and Econ-o-lizer™ centralisers and Pen-o-trator™ reamer shoes," said Bill Barron, Director of Downhole Products. "With our new manufacturing facilities, we have more than doubled the company's manufacturing capability. In addition, we store approximately $4 million in equipment, which is good news for customers in North America," he added.

With 24 years in the oil industry, Kelly Smith, 48, was appointed General Manager – U.S. for Downhole Products. In his new role, Smith is based in Houston where he oversees all aspects of operations and financial management for the company in North America. Before joining Downhole Products, Smith worked in a variety of marketing and operational roles for Third Wave Group and Oiltools International in Singapore. Originally from Tulsa, Oklahoma, Smith is a member of the Society of Petroleum Engineers and holds a Bachelor of Science Degree from Oklahoma State University.

New Venezuela Base a Stepping Stone to South America In a move to make it possible for customers operating in South America to purchase quality equipment, Downhole Products has opened a new manufacturing facility and company called Downhole Products, Venezuela. Venezuela is a "free trade" country that benefits from the Andean Pact Treaty. As a result, customers operating in South America can now purchase Downhole Products' goods, including centralisers and reamer shoes, at an extremely competitive rate.

Jose Herrero, 39, has been appointed Director of Downhole Products Venezuela C.A.– South America. Herrero is also responsible for all operations and finance, as well as marketing activities throughout South America. Previously, he was President of Herrero Supply of Maracaibo, Venezuela for seven years, during which time he served as Downhole Products' distributor in Venezuela. Herrero is from Venezuela and earned a BBA degree from Mercer University in Atlanta, Georgia and a Master's in Business Administration from the University of Hartford in Hartford, Connecticut, USA.

McRobbie Appointed Region Manager - Middle East With a substantial and growing demand for its products and services in the Middle East, Downhole Products has opened a new base in Abu Dhabi in the United Arab Emirates. The new facility serves as the region headquarters, and accommodates a substantial stock of Downhole Products equipment. George McRobbie, 49, has been appointed Sales Manager – Middle East for Downhole Products to drive all new business development efforts in the region. With 25 years experience in the oil industry, McRobbie has worked for Downhole Products, Aberdeen for three years. Previously, he was employed Odjfell Drilling of Aberdeen for five years and has worked in a variety of roles, including tubular inspection in Aberdeen and worldwide. A native of Aberdeen, Scotland, he is now based in Abu Dhabi.

Related Information The new Downhole Products facility in the U.S. is located at:

Downhole Products USA 600 Kenrick drive, Suite C-28 Houston, TX 77060 Tel: 281-272-6000

The new base in Venezuela is located at:

Downhole Products South America Calle 66 entre Av. 4 y 8 Galpon No. 4-107 Maracaibo, Edo. Zulia, Venezuela

The new Middle East base is located at:

Downhole Products Middle East Al Ghaith Tower, Suite 1402 POS Box 268 Abu Dhabi, UAE Tel: 971-2-627-5080

About Downhole Products

Downhole Products specialises in the design and manufacture of specialist quality oilfield equipment for the international upstream oil and gas industries. Founded in 1994 in Aberdeen, Scotland, Downhole Products is known throughout the industry for its range of solid centralisers and reamer shoes. The Spir-o-lizer™, the company's flagship solid body centraliser that was introduced in 1994 remains the unrivalled industry first choice, as illustrated by its successful performance in the Middle East, Scandinavia, The Americas, Europe and Asia Pacific. It offers superior torque and drag reduction, with the lowest friction co-efficient of any centraliser material available.

The Spir-o-lizer was followed by the introduction in 1998 of the Pen-o-trator™, a patented reamer shoe. The Pen-o-trator™ tool quickly established itself as the Best in Class Reamer Shoe because of its fast and easy drill-out ability, low torque reaming features, and minimal surge pressure while running in-hole. In 2002, two new centraliser products, the Spir-o-mizer™ and the Econ-o-lizer™, were introduced and continue to be used by major operators worldwide

With more than $6 million in specialist stock housed at its Aberdeen headquarters in addition to equipment located at strategic sites worldwide, Downhole Products dispatches equipment daily by air, sea and land around the world. As the leading centraliser design and manufacturing company in Europe, most major operators have utilised Downhole Products' range of centralisers and reamer shoes to maximise oil production performance safely and economically.

For further information, contact:

The Directors Downhole Products PLC Badentoy Road Badentoy Park Portlethen Aberdeen, Scotland, United Kingdom AB12 4YA Tel: 01224 784411 in the UK or +44 1224 784411 outside of the UK Website: www.downhole.co.uk

Sharon Roe, Managing Director Spinnaker Communications 11 Walker Place St Andrews, Scotland, United Kingdom KY16 9NY Tel: 01334 473 754 in the UK or +44 l334 473 754 outside of the UK


   Posted by Anne-Birte Stensgaard, News Editor Wednesday, June 18 - 2003 at 08:43 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of AME Info FZ LLC.

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