search:     
News

News 06/28/2006
    
BOOTS & COOTS EXPANDS SAFEGUARD CONTRACT $12.3 MILLION


< Previous Page




Investor Contact:

Jennifer Tweeton
VOLLMER
713-970-2100
jennifert@vollmerpr.com

Stan Altschuler / Miri Segal
Strategic Growth International
212-838-1444
info@sgi-ir.com


BOOTS & COOTS EXPANDS SAFEGUARD CONTRACT $12.3 MILLION
Total Value of Contracts in Algeria Now $35.2 Million

HOUSTON,Texas (July 24, 2006) — Boots & Coots International Well Control, Inc. (Amex: WEL), the premier pressure control company for the oil and gas industry, announced today that it significantly expanded one of its two five-year SafeGuard contracts in Algeria with the signing of a new amendment worth $12.3 million in additional revenues. This raises the scope of services under contract in Algeria to $35.2 million. Services performed under these contracts include risk management and analyses as well as a comprehensive range of engineering services.

“We are in the second year of performing services in Algeria, and I believe this amendment for additional services is a testament to our recognized commitment to our customers and our results-driven performance,  said Jerry Winchester, chief executive officer of Boots & Coots.   We continue to see opportunities around the globe for our risk management and prevention services, and with the addition of Hydraulic Well Control's services, we can leverage our footprint to serve more customers.

Under the terms of the SafeGuard contracts, Boots & Coots will provide training, risk analyses, contingency planning and well inspections, as well as the prevention and control of blowouts and the prevention of risks related to installations. In addition to Algeria, Boots & Coots also currently performs services under SafeGuard contracts in Venezuela, Kazakhstan and India.
 



About Boots & Coots

Boots & Coots International Well Control, Inc., Houston, Texas, provides a suite of integrated oilfield services centered on the intervention, emergency response and restoration of blowouts and well fires as well as hydraulic workover/snubbing and hot tapping services around the world. Our current business segments are “Well Intervention” and “Response”. The Well Intervention segment consists of services that are designed to reduce the number and severity of critical well events and enhance production for oil and gas operators. The scope of these services includes training, contingency planning, well plan reviews, audits, inspection services and engineering services offered through our Safeguard programs and services offered in conjunction with our WELLSUREŽ risk management program. This segment also includes services performed by hydraulic workover and snubbing units that are used to enhance production of oil and gas wells. The Response segment consists of personnel, equipment and services provided during an emergency response such as a critical well event or a hazardous material response. These services include snubbing and other workover services provided during a response. For more information, visit the Company's web site at  www.boots-coots.com.

Certain statements included in this news release are intended as "forward-looking statements" under the Private Securities Litigation Reform Act of 1995. Boots & Coots cautions that actual future results may vary materially from those expressed or implied in any forward-looking statements. More information about the risks and uncertainties relating to these forward-looking statements are found in Boots & Coots' SEC filings, which are available free of charge on the SEC's web site at www.sec.gov.


Company contact: Gabriel Aldape,
Chief Financial Officer,
281-931-8884, investorrelations@boots-coots.com.


< Previous Page | ^ Back to Top

WELL CONTROL 1.800.BLOWOUT
2004 © Boots & Coots International Well Control, Inc. All rights reserved. Read Legal Policy and Privacy Policy.