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TUBOSCOPE VETCO INTERNATIONAL ANNOUNCES THE ACQUISITION OF TUBOJAPAN

 TUBOSCOPE VETCO INTERNATIONAL ANNOUNCES THE ACQUISITION OF TUBOJAPAN
 HOUSTON, Aug. 31 /PRNewswire/ -- Tuboscope Vetco International Inc. (NASDAQ-NMS: TUBO) today announced the acquisition of the inspection business and related assets of TuboJapan International Quality Assurance Co. Ltd. "The acquisition will enable Tuboscope Vetco International to better provide quality inspection services to our international customers in the growing Japanese market," said Marty Reid, chairman and chief executive officer. TuboJapan provides the inspection of oil country tubulars, mill surveillance and vendor inspection associated with the production of tubular goods in Japan. Purchase price was not disclosed.
 The business will be merged with Vetco Japan Limited, a wholly owned subsidiary of Tuboscope Vetco International Inc. Seiichi Matsui was named president and director of the combined entity.
 Tuboscope Vetco International supplies inspection and coating services for oil country tubular goods, provides in-service inspection of oil, gas and related products pipelines, and provides in-line inspection equipment to manufacturers of oil country tubular goods.
 Tuboscope Vetco International is headquartered in Houston and the company's common stock is traded on the NASDAQ National Market System under the symbol "TUBO."
 -0- 8/31/92
 /CONTACT: Marty Reid or William V. Larkin Jr. of Tuboscope Vetco International, 713-799-5100/
 (TUBO) CO: Tuboscope Vetco International Inc. ST: Texas IN: OIL SU: TNM


SM -- NY051 -- 7046 09/08/92 13:38 EDT
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Publication:PR Newswire
Date:Sep 8, 1992
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