Boots & Coots Subcontracted to Extinguish Oil Well Fires in Iraq
HOUSTON, March 25 /PRNewswire-FirstCall/ -- Boots & Coots International Well Control, Inc. (Amex: WEL) has been subcontracted by Kellogg Brown & Root (KBR) to supply firefighting and well control services in Iraq. The Company was originally contacted to assist in developing a plan for evaluating and extinguishing potential oil well fires in Iraq and has provided specialized firefighting and well capping equipment for the project.
Currently, the Company has teams of senior well control and engineering specialists, contracted to KBR, preparing to start the initial phase of the project. Boots & Coots faced a similar task in 1991 when they were brought into Kuwait to control some 240 of the over 700 burning wells following the Gulf War.
Boots & Coots President Brian Krause stated, "We have surveyed these wells and are preparing to mobilize the equipment. We will begin stabilization of the wells once the location around the wells is secure."
Boots & Coots CEO Jerry Winchester stated, "In light of the news release from the DOD and KBR, we are pleased to be able to make this announcement. In addition, we are certainly pleased to be working for KBR and Halliburton on such an important project and are proud to be able to assist our country in this effort."
About Boots & Coots
Boots & Coots International Well Control, Inc., Houston, Texas, is a global emergency response company that specializes, through its Well Control unit, as an integrated, full-service, emergency-response company with the in- house ability to provide its expanded full-service prevention and response capabilities to the global needs of the oil and gas and petrochemical industries, including, but not limited to, oil and gas well blowouts and well fires as well as providing a complete menu of non-critical well control services. Additionally, Boots & Coots WELLSURE(R) divisions offers oil and gas exploration and production companies, through retail insurance brokers, a combination of traditional well control and blowout insurance with post-event response as well as preventative services.
Certain statements included in this news release are intended as "forward- looking statements" under the Private Securities Litigation Reform Act of 1995. Boots & Coots cautions that actual future results may vary materially from those expressed or implied in any forward-looking statements. More information about the risks and uncertainties relating to these forward- looking statements are found in Boots & Coots' SEC filings, which are available free of charge on the SEC's web site at sec.gov .
Investor Contact: Barry Gross
Gross Capital Associates
361-949-4999
barry@grosscapital.com
Company Contact: Jennifer Lane
Boots & Coots
281-931-8884
jennifer@bncg.com
SOURCE Boots & Coots International Well Control, Inc.
CO: Boots & Coots International Well Control, Inc.; Kellogg Brown & Root
ST: Texas, Iraq
SU: CON
prnewswire.com
03/25/2003 12:07 EST |
