Newpark Resources Awarded Contract in Australia

Newpark Resources, Inc. announced that it has been awarded a contract from one of Australia's largest oil and gas exploration and production companies. Newpark will provide drilling fluids, along with field personnel, equipment and materials, for a project in the Carnarvon Basin off the northwest coast of Australia. The two-year contract is expected to provide revenues of up to $10 million in its first year, and work under the contract is expected to begin in the second quarter of 2012.

Bruce Smith, President of Newpark Drilling Fluids, stated, "This award demonstrates the importance of our strategic investment in the Asia Pacific region and further solidifies our position as a leading global provider of high-performance drilling fluids and services. We are extremely pleased with this opportunity to introduce our technology to new customers in the Asia Pacific region and believe we are well positioned to operate in this important and developing market going forward."

• Spudding of the 4th Well of Phase of Kharsang Field 
• Tullow Oil Spuds Etuko-1 Well in Block 10BB 
• Pacific Provides Update on Oil Discovery in Bilby-1 
• Northern Petroleum Spuds GM-ES-4 Exploration Well 
• BPZ Energy Provides Operational Update 
• Apache Announced Three Discovers in Egypt 
• CAMAC Announces Approval of Drilling Permit for Oyo Well #7 
• Shelton Discovers Oil in New Well at Rustamovskoye 
• Drilling Contract of 22 wells in South Yaran Oilfield Signed 
• Petroamerica Announces Las Maracas-9 Well Results 

• GulfOilandGas - Regional E-Market Place serving the Middle East and North Africa 
• EMARAT MISR - a new palyer in the marketing side 
• First Solar Acquires 20MW Maryland Solar Project 
• Saudi Oil Shipments to US Rise