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POOL ENERGY SERVICES ANNOUNCES KUWAIT AND SAUDI ARABIA CONTRACTS

    POOL ENERGY SERVICES ANNOUNCES KUWAIT AND SAUDI ARABIA CONTRACTS
    HOUSTON, Nov. 21 /PRNewswire/ -- Pool Energy Services Co. (NASDAQ: PESC), announced today that Pool Arabia, Ltd., the company's Saudi Arabia joint venture company, has received a two year contract to aid in the repair of the Wafra oil field, located in the Neutral Zone between Kuwait and Saudi Arabia.  This operation will employ four land workover/drilling rigs, and is expected to begin in early 1992.
    In addition, Pool Arabia, Ltd. has received a contract for a two year drilling program in the Arabian Gulf.  This operation will utilize its jackup Rig 144 and commence in early 1992.  The joint venture now has seven rigs under long term contract in Saudi Arabia.
    Pool Energy Services Co., headquartered in Houston, is a diversified energy services company principally engaged in providing well-servicing, workover and drilling services on land and offshore in the United States and selected international markets.
    -0-                        11/21/91
    /CONTACT:  E.J. Spillard, senior vice president, financial services of Pool Energy Services, 713-954-3302/
    (PESC) CO:  Pool Energy Services Co. ST:  Texas IN:  OIL SU:  CON KD -- NY115 -- 6137 11/21/91 18:03 EST
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Publication:PR Newswire
Date:Nov 21, 1991
Words:194
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