Dril-Quip Supply Subsea Wellhead Equipment

Dril-Quip, Inc.announced that Dril-Quip do Brasil LTDA, its wholly owned subsidiary, has been awarded a contract valued at approximately $28 million for the supply of subsea wellhead systems to Petrobras for the Papa Terra field located in the Campos Basin offshore Brazil. Equipment deliveries are scheduled to begin during the first quarter of 2011 and will continue through the first quarter of 2013.

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