

These statements are subject to risks beyond the Company's control, including, but not limited to, operating risks and other factors detailed in the Company's public filings with the Securities and Exchange Commission. Forward-looking statements are based upon certain assumptions and analyses made by the Company in light of its experience and other factors. This press release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the performance and benefits of the Company's products. "With the increasing offshore drilling activity, this project serves as another example of how our best-in-class solutions and superior service quality make Dril-Quip a leading industry partner."ĭril-Quip is a developer, manufacturer and provider of highly engineered equipment, service and innovative technologies for use in the energy industry. "The successful installation and completion of our two HorizontalBore TM Subsea Trees at the Woodside Shenzi North project is a direct result of the collaborative efforts by the Dril-Quip team and Proserv, to support our customer in increasing their production capacity," said Bruce Witwer, Dril-Quip's Vice President of Subsea Services.

This tree offers the flexibility of running and pulling the upper completion without disturbing the tree-to-wellhead connection or the flowline connection to the tree. Dril-Quip's 15,000 psi HorizontalBore TM Subsea Tree is the latest modular designed subsea production system that accommodates numerous completion configuration possibilities.
