Santos Contract Renewal
03 Dezember 2010 - 8:52AM
UK Regulatory
TIDMRHEP
RNS Number : 3242X
Rheochem PLC
03 December 2010
3 December 2010
Rheochem Plc
("Rheochem" or the "Company")
Santos Contract Renewal
Rheochem plc, the oil and gas business with oil services, production,
development and exploration assets is pleased to announce that its 100% owned
subsidiary Rheochem Ltd has renewed its contract to supply drilling fluids and
related engineering services to Santos Limited ("Santos") for its Australian
onshore operations for a period of three years with a further two year option.
An Australian energy pioneer since 1954, Santos is one of the country's leading
gas producers, supplying Australian and Asian customers. Santos is a top 25
ASX-listed company, with operations throughout Australia and in Indonesia, Papua
New Guinea, Vietnam, India, Bangladesh and the Kyrgyz Republic.
Haydn Gardner, CEO of Rheochem said:
"We are delighted that Santos has chosen Rheochem to continue to provide these
services for their onshore operations in Australia. Santos is a significant
customer for Rheochem and this contract underpins the revenue base of the
drilling fluids business for a further 3 years."
- Ends -
For further information please contact:
+------------------------------------+--------------------------+
| Rheochem | +61 (8) 9410 8200 |
| Haydn Gardner, CEO | |
| | |
+------------------------------------+--------------------------+
| Financial Dynamics | +44 (0) 20 7269 7207 |
| Billy Clegg / Edward Westropp / | |
| Alex Beagley | |
| | |
+------------------------------------+--------------------------+
| Northland Capital Partners | +44 (0) 20 7492 4775 |
| Shane Gallwey | |
| | |
+------------------------------------+--------------------------+
| McCall, Aitken, MacKenzie | +44 (0) 20 7763 6025 |
| Andy Yeo | |
+------------------------------------+--------------------------+
This information is provided by RNS
The company news service from the London Stock Exchange
END
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