BARDEX CORPORATION SUPPLIES RIG SKIDDING EQUIPMENT FOR DEVON ENERGY AMERICAS’ POLVO DEVELOPMENT

GOLETA, California, U.S.A., October 4, 2006

Bardex Corporation, Goleta, California, was contracted by Devon Energy Americas, LLC., Houston, Texas, to supply a pin claw rig skidding package for its Polvo Development project, in block BM-C-8, located in the Campos Basin offshore Rio De Janeiro, Brazil.

The Bardex rig skidding system consisted of two (2) 380 ton push/pull capacity pin claw jacking assemblies for skidding the skid base and two (2) 270 ton push/pull capacity pin claw jacking assemblies for skidding the substructure. The order also included one, 60-horsepower hydraulic power unit with an integral control console assembly providing all the instrumentation and controls necessary to operate the pin claw jacking assemblies and the iron roughneck.

Bardex Corporation is an advanced applied technology leader that designs, manufactures, and installs a wide range of heavy load handling, positioning and tensioning systems for the worldwide offshore oil and shipyard industries. These include: skidding systems for drilling rigs and jacket loadout/launch operations; systems for BOP handling, riser/pipe handling/tensioning, riser hang-off; and floating production systems including for TLP tendon installation/tensioning, SPAR, FPS/FPSO mooring, SCR pipe line pull-in, turret turning and locking; and shiplifts with transfer systems. Bardex equipment is in use on over 300 onshore and offshore locations.