Contract Awarded

HUNTING PLC 25 August 1999 HUNTING PLC ANNOUNCES BADENTOY TUBULAR SERVICES AWARDED MAJOR BP AMOCO CONTRACT Badentoy Tubular Services ('BTS'), a joint venture between Hunting Oilfield Services (UK) Ltd, (a member of Hunting PLC's Oil Division), Ramco Oil Services Ltd (the tubular and pipeline division of Ramco Energy plc) and Sumitomo Corporation Europe plc, has been awarded a five-year Tubular Management Service Contract with BP Amoco Exploration. The multi-million pound BP Amoco contract was awarded following a competitive tendering process. BTS will liaise directly with BP Amoco's UKCS Business Units in the management and supply of Oil Country Tubular Goods requirements. Supply will be facilitated by the BP Amoco/Sumitomo Global Agreement. The associated tubular management service encompasses inventory management, material preparation and dispatch to offshore platforms, pipe storage, repair and refurbishment. The operational location will be at Badentoy Park in Aberdeen. This 'one stop shop' site provides a complete integrated pipe management and tubular maintenance service through the strategic alliance between the three market leaders in their fields, Hunting Oilfield Services, Ramco Tubular Services and Tuboscope UK Ltd. The Badentoy location is tailor-made for contracts such as the BP Amoco contract and allows for the implementation of an effective integrated service concept for a wide variety of tubular support services, including tubular cleaning, maintenance, inspection and storage. The Contract is effective from the 2nd August 1999 and will involve the storage, service and maintenance of an estimated 25,000 tonnes of pipe per annum and will create a number of new positions at Badentoy. Commenting on the award, Ken Miller, Chief Executive of Hunting PLC, said: 'This contract follows a history of success in providing a one-stop management service. This should result in good growth prospects for Hunting Oilfield Services and also strengthens our position as market leaders. We believe that the Badentoy concept will become the most commercially advantageous business for clients in the industry and that our continued success will assist in the pursuit of further opportunities'. Enquiries to: Ken Miller, Chief Executive Hunting PLC Tel: 0171 321 0123

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Hunting (HTG)
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