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POOL ENERGY SERVICES CO. ANNOUNCES INTERNATIONAL CONTRACTS

 HOUSTON, Sept. 3 /PRNewswire/ -- Pool Energy Services Co. (NASDAQ: PESC) announced today successful efforts by its international subsidiary in Ecuador and affiliated company in Saudi Arabia in obtaining term drilling and workover contracts.
 Pool Arabia, Ltd., the company's Saudi Arabian joint venture company, was recently awarded a two-year contract for land workover Rig 193 and a two-year contract extension for jackup Rig 145. The land workover contract enables Pool Arabia to put a previously idle rig to work for Saudi Aramco. Rig 145, a Pool-designed jackup which has maintained almost full utilization for the past 10 years, will continue its offshore drilling and workover operations in the Arabian Gulf. Pool Arabia has a fleet of eight land workover rigs, five land drilling rigs and three jackup rigs.
 Intairdril Ltd., a wholly owned subsidiary of the company, received a contract to operate land drilling Rigs 223 and 227 for Oryx Ecuador Energy Company as part of a Strategic Alliance Program. The Alliance, which includes Baker Hughes Incorporated, BJ Services Company and Dowell Schlumberger, will provide drilling, equipment and related services for a 15 well program in Ecuador. The Alliance is an example of the growing industry trend of providing integrated drilling and related services for exploration and development activities. Intairdril has a fleet of four land workover rigs and five land drilling rigs in Ecuador, where the company has operated since 1973.
 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- 9/3/93
 /CONTACT: D.C. Oatman, director, business development & financial relations of Pool Energy Services Co., 713-954-3316/
 (PESC)


CO: Pool Energy Services Co. ST: Texas IN: OIL SU: CON

PS -- NY022 -- 8792 09/03/93 11:26 EDT
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Publication:PR Newswire
Date:Sep 3, 1993
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