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DRECO ENERGY SERVICES LTD. SIGNS CONTRACT

 EDMONTON, Alberta, May 11 /PRNewswire/ -- Dreco Energy Services Ltd. (NASDAQ-NMS: DREAF; Toronto: DRE.A), of Edmonton today announced it has signed a contract for the construction of two mobile drilling rigs. The company has been advised the rigs will be used in the Tyumen region of Western Siberia. The value of the contract is US $6,880,000. Manufacture will commence immediately and deliveries are expected to be completed by October 1993.
 The company's class "A" common shares trade on the NASDAQ National Market System under the ticker symbol DREAF and on the Toronto Stock Exchange under the ticker symbol DRE.A.
 Dreco Energy Services Ltd. designs, manufactures, markets and leases drilling equipment, machinery, and drilling tools used in the drilling and servicing of oil and gas wells, worldwide.
 -0- 5/11/93
 /CONTACT: Daryl W. Ferko, VP-Finance of Dreco Energy Services Ltd., 403-463-2065/
 (DREAF)


CO: Dreco Energy Services Ltd. ST: Alberta IN: OIL SU: CON

JB-MS -- LA019 -- 7048 05/11/93 12:09 EDT
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Publication:PR Newswire
Date:May 11, 1993
Words:165
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