Major Order from Russia for C.A.T. oil

IndustrialsIndustrial Goods ♦ Published: August 19, 2011; 18:30 ♦ (Vindobona)

The Lower-Austrian provider of oil and gas field services received new orders worth € 70m in Russia. The order book volume grew to € 239m.

Major Order from Russia for C.A.T. oil / Picture: ©

C.A.T. oil AG secured additional orders for sidetrack drilling and hydraulic fracturing services from its two long-term customers Rosneft and Lukoil. The two new orders not only increase the volume of C.A.T. oil’s current year order book to € 239m, but already include contracts for the years 2012 through to 2014.

The extension to the existing contract with Rosneft comprises…