C.A.T. oil AG

C.A.T. oil concludes three-year-contract with Rosneft

- RussiaÂ’s largest oil and gas producer orders 567 hydraulic fracturing jobs

@@start.t1@@--------------------------------------------------------------------------------   ots.CorporateNews transmitted by euro adhoc. The issuer is responsible for   the content of this announcement. --------------------------------------------------------------------------------@@end@@

companies

Baden/Vienna, March 27, 2007 (euro adhoc) - C.A.T. oil AG (O2C, ISIN: AT0000A00Y78), one of the leading providers of oil and gasfield services in Russia and Kazakhstan, has been awarded a major contract for 567 hydraulic fracturing jobs through its operating subsidiary CATKoneft. The contractÂ’s implementation will start on April 1, 2007. With proven oil and gas reserves of 18.9 billion barrels and an oil and gas production of 1.7 million barrels per day, Rosneft is the largest oil producer in Russia. Since July 2006, the company is publicly listed at the London and Moscow Stock Exchange. In 2005 Rosneft generated revenues of more than USD 24 billions. The hydraulic fracturing jobs will be rendered in the area of Yugansk. CATKoneft has been operating there since 2002 and has since then performed more than 420 frac jobs for RosneftÂ’s production entity Yuganskneftegaz. Due to this longtime experience in this area, CATKoneft is very familiar with the specific challenges within YuganskÂ’ oil and gas fields. Due to the geological structure hydraulic fracturing operations in the Yugansk region are more sophisticated than average frac jobs and therefore profitable for C.A.T. oil. Typically, a frac job is measured by the amount of proppant pumped into the fracture. An average frac job in Russia usually requires 40 to 50 tons of proppant. In Yugansk, on average, 100 tons are needed to complete one single operation. "This three-year-contract underscores our strong partnership with the major oil and gas producers in Russia. Our high operative standards and high-tech equipment enable us to perform demanding and large fracs quickly and efficiently. As a result, we manage to continuously increase utilization capacities", said Manfred Kastner, Chief Executive Officer of C.A.T. oil AG.

www.catoilag.com

@@start.t2@@end of announcement                                                 euro adhoc 27.03.2007 15:15:00
--------------------------------------------------------------------------------@@end@@

ots Originaltext: C.A.T. oil AG
Im Internet recherchierbar: http://www.presseportal.ch

Further inquiry note:
Press contact:
A&B Financial Dynamics
Dr. Lutz Golsch Claudia Werth
Tel.: +49 (0)69 92037-110 Tel.: +49 (0)69 92037-114
Email: l.golsch@abfd.de Email: c.werth@abfd.de


About C.A.T. oil AG:
Austria-based C.A.T. oil AG (O2C, ISIN: AT0000A00Y78) is one of the leading
providers of oil- and gasfield services in Russia and Kazakhstan. C.A.T.oilÂ’s
core business is hydraulic fracturing, a process which helps to open up oil- and
gas-bearing rock formations in order to increase or even enable oil and gas
production. The C.A.T.oil crews use state-of-the-art methods and technologies to
generate high pressure in the oil or gas reservoirs concerned. This pressure
causes cracks to appear in the rock through which oil or gas can be produced in
larger quantities from the production well, and hence efficiently boosts
extraction, particularly in the case of deposits that are difficult to develop
or low-output wells. In addition, hydraulic fracturing can be used to revitalize
wells that have previously been idle.
The Company has its headquarters in Baden near Vienna and employed 2,230 people
at the end of 2005, most of whom are based in Russia and Kazakhstan. Customers
include leading oil and gas producers such as Gazprom, KazMunaiGaz, LUKOIL,
Rosneft, and TNK-BP. C.A.T.oil has been listed in the Prime Standard of the
Frankfurt Stock Exchange since May 4, 2006, and has been a member of the SDax
since September 18, 2006.

Branche: Oil & Gas - Upstream activities
ISIN:      AT0000A00Y78
WKN:        A0IKWU
Börsen:  Frankfurter Wertpapierbörse / official dealing



Weitere Meldungen: C.A.T. oil AG

Das könnte Sie auch interessieren: