19.08.2011 – 15:47

Petro Welt Technologies AG

EANS-News: C.A.T. oil AG increases 2011 order book to about EUR 239 million

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Company Information

Subtitle: - C.A.T. oil successfully obtained new service orders
- Extension worth EUR 8.5 million to the existing contract was awarded by
  Rosneft to provide hydraulic fracturing services in West Siberia
- New three year contract with Lukoil worth EUR 61 million drives sidetrack
  drilling business

Wien August 19, 2011 (euro adhoc) - C.A.T. oil AG (O2C, ISIN: AT0000A00Y78), one
of the leading providers of oil and gas field services in Russia and Kazakhstan
successfully secured additional orders for sidetrack drilling and hydraulic
fracturing services from its two long-term customers Rosneft and Lukoil. The two
new orders not only increase the volume of C.A.T. oil´s current year order book
to EUR 239 million, but already include contracts for the years 2012 through to
2014.

The extension to the existing contract with Rosneft comprises hydraulic
fracturing services worth around EUR 8.5 million. These additional jobs are
scheduled for H2 2011 in West Siberia.

C.A.T. oil was also able to secure a significant sidetrack drilling order with
Lukoil. The three year contract has a value of EUR 61 million and the services
will be rendered in 2012 through to 2014 in West Siberia.

The new contracts have had a positive impact on the Company´s 2011 order
book volume, which increased to EUR 239 million from EUR 230 million. The
total order book expanded to EUR 337 million from EUR 267 million (based on
a rouble-to-euro exchange rate of 40). The Company anticipates that its full
year 2011 revenues will surpass the current order book level for 2011 thanks
to further job assignments by customers in the second half of the year.

Manfred Kastner, CEO of C.A.T. oil, commented: "These significant order wins
underline our ability to capitalize on our strong market position, reputation
and customer relationships. We are particularly proud to have secured orders
throughout the fiscal year 2014. This not only gives us a good degree of
visibility going forward, but also confirms our decision to further expand our
capacities in a highly attractive market."

C.A.T. oil will publish its Q2 results 2011 on August 30, 2011.

About C.A.T. oil AG:
C.A.T. oil AG is one of the leading providers of oil and gas field services in
Russia and Kazakhstan and is listed on the Frankfurt Stock Exchange (SDAX).
C.A.T. oil offers a wide spectrum of services to increase the lifecycle of an
oil field or to make unexploited oil fields accessible. The Company´s growth is
driven by the following factors: Existing oil fields need to be stimulated due
to shrinking oil and gas resources in order to optimize capacities.
Simultaneously, idle wells are reactivated or made accessible through new
methods in order to deploy wells to their maximum. 
Additionally C.A.T. oil will establish conventional drilling as third core
service which allows to activate completely unexploited oil and gas sources.
Since its foundation in 1991 in Celle, Germany, C.A.T. oil has built up a
leading hydraulic fracturing services business in Russia and Kazakhstan.
Following its IPO in 2006 the Company has invested more than EUR 200 million in
additional services and capacities: sidetrack drilling has become the Company´s
second core business. In November 2010, the Company introduced a comprehensive
investment program with a volume of EUR 150 million which will mainly be used to
set up conventional drilling as part of the Company´s service portfolio.
Furthermore, C.A.T. oil offers coiled tubing, formation evaluation services,
well work-over, cementing and seismic services. Due to
the recent expansion investments C.A.T. oil´s fleets and rigs are
state-of-the-art and therefore allow for time-efficient and effective
deployment. C.A.T. oil´s customer base includes the leading Russian and Kazakh
oil and gas producers amongst them Gazprom, KazMunaiGaz, LUKOIL, Rosneft and
TNK-BP. C.A.T. oil has a longstanding relationship with these customers and has
been a reliable service provider since its market entrance in the early
nineties.
The Company has its headquarters in Vienna and employed an average of 2,362
people on 31 March 2011, most of whom are based in Russia and Kazakhstan
www.catoilag.com


Further inquiry note:
Carolin Amann
phone: +49(0) 69-92037132
E-Mail:  carolin.amann@fd.com

end of announcement                               euro adhoc 
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company:     C.A.T. oil AG
             Kärtner Ring 11-13
             A-A-1010 Wien
phone:       +43(0) 1 535 23 20 - 0
FAX:         +43(0) 1 535 23 20 - 20
mail:         ir@catoilag.com
WWW:         http://www.catoilag.com
sector:      Oil & Gas - Upstream activities
ISIN:        AT0000A00Y78
indexes:     SDAX, Classic All Share, Prime All Share
stockmarkets: regulated dealing/prime standard: Frankfurt 
language:   English