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Message: Boots & Coots Renews ONGC Safeguard Contract

Boots & Coots Renews ONGC Safeguard Contract

posted on Jan 15, 2009 11:40AM

Contract Allows Company to Continue Working on Special Projects
HOUSTON -- (Business Wire)

Boots & Coots International Well Control, Inc. (NYSE Alternext US: WEL), announced it has renewed its Safeguard contract with the Oil and Natural Gas Corporation of India (ONGC) for an additional five years. The contract is for training, inspection and blowout control for ONGC’s 28 offshore rigs and 94 land rigs. The contract also allows Boots & Coots to work on special projects for ONGC, both in and outside India.

“We believe our success in India, as well as Northern Africa, is due to our philosophy of being more than just a vendor, but rather a trusted advisor to our customers,” said Jerry Winchester, chief executive officer of Boots & Coots. “Our innovation, experience and engineering expertise allow us to work on a broad range of petroleum related issues to ensure the safety, integrity and productivity of India’s petroleum infrastructure.”

Boots & Coots recently completed a well control secure and salvage project for ONGC off the coast of India, which involved finding and killing a well in 2600 feet of water using a remote operating vehicle and recovering the 18¾” 10,000 pound blowout preventor. Boots & Coots has already mobilized on its next project, which is acting as the general contractor for surveying pipeline in preparation for the largest undersea oil and gas pipeline in the region.

“We believe we will have the opportunity to work on several unique projects for ONGC throughout 2009, challenging projects that will continue to strengthen Boots & Coots’ brand and establish us as the leader in well intervention and pressure control services worldwide,” concluded Winchester.

About Boots & Coots

Boots & Coots International Well Control, Inc., Houston, Texas, provides a suite of integrated pressure control services to onshore and offshore oil and gas exploration companies around the world. The Well Intervention segment consists of services that are designed to enhance production for oil and gas operators and reduce the number and severity of critical well events such as well fires, blowouts or other losses of control at the well. This segment includes services performed by hydraulic workover and snubbing units and the rental of pressure control tools that are used to enhance production at the wells. The scope of these services also includes prevention services such as training, contingency planning, well plan reviews, audits, inspection services and engineering services offered through our Safeguard risk management programs. 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.

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.



Contacts:

Boots & Coots International Well Control, Inc.
Investor Contact:
Jennifer Tweeton, 281-931-8884
[email protected]



Source: Boots & Coots International Well Control, Inc.

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