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Gold/Mining/Energy : KERM'S KORNER
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To: SofaSpud who wrote (11717)7/21/1998 2:50:00 AM
From: Kerm Yerman  Read Replies (1) of 15196
 
SERVICE SECTOR - SERVE 10 LISTED / Computalog Ltd. Enters New Markets

CALGARY, July 20 /CNW/ - Computalog Ltd. announces today that it has
entered into arrangements for the delivery of its wireline logging services
and wireline products to new markets in Mexico and Indonesia, respectively.

The Company has commenced open hole and cased hole logging and completion
services on a turnkey project in the Burgos Field for PEMEX, Mexico's
state-owned natural resource company. Initially, the project includes the
drilling and completion of up to 38 wells over an 18 month period. The
Company's personnel and two wireline logging units are operating from its new
base in Reynosa, Mexico.

Computalog has also closed the sale of two cased hole wireline logging
units complete with CS400(R)C data acquisition systems to P.T. Elnusa, an
affiliate of Pertamina, Indonesia's state-owned natural resource company. P.T.
Elnusa took delivery of the equipment at Computalog's manufacturing facility
in Fort Worth, Texas in June, and its personnel are currently undergoing
CS400(R)C and related wireline training at the Company's training facilities,
also in Fort Worth.

Computalog provides wellbore knowledge and solutions through its electric
wireline and directional drilling services. These services enable oil and gas
producers to manage risk and maximize production. The Company's common shares
trade on the Toronto Stock Exchange (symbol CGH) and the NASDAQ National
Market (symbol CLTDF).
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