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Abrado Completes Successful Deepwater Wellbore Cleanout Operation in Brazil

/ Source: GlobeNewswire

HOUSTON, June 10, 2011 (GLOBE NEWSWIRE) -- Abrado International, a service company providing the latest in mechanical wellbore cleanout technology, announced today that it had successfully completed a deepwater wellbore clean-out job offshore for the largest operator in Brazil. Abrado's tool string was deployed in an approximate 4,000 meter deep well from a floating rig in 1,300 meter deep water. The successful conclusion of the job has lead to Abrado being fully deepwater qualified in Brazil, which is one of the harshest and most demanding offshore environments in the world. The successful conclusion of this job gives Abrado access to the entire Brazilian market, including the international oil companies.

Commenting on the success of the operation, Abrado's President Steve Hoover stated, "We are very pleased with the performance of our modular suite of wellbore clean-out tools. Being deepwater qualified in Brazil has always been one of our goals since we see tremendous growth opportunities in that market and other international markets. The exacting standards of operating offshore in Brazil are some of the highest in the world and Abrado is proud to serve the growing number of operators in that region."

About Abrado International

Abrado provides robust solutions to both simple and complex problems related to well bore integrity and minimizes operational risk in the completion process. The company provides the latest in modular wellbore cleanout tools which, when combined with enhanced chemical sweeps and engineered solutions, create the optimum wellbore environment. Abrado International is an innovator in the field of wellbore clean out.

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CONTACT: Abrado International Executive Contact: Steve Hoover President +1.713 896 9960 Abrado International Executive Contact: Todd Binet Chairman of the Board +1.713 896 9960