Company News

Basin Supply, a global integrated oilfield supply company, is pleased to announce it has received its IS0 9001:2008 Certification from TÜV SÜD America Inc., a business-to-business engineering services firm providing international certification services.

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Basin PromServices LLC (www.basinpromservice.ru), a subsidiary of Basin Supply and provider of supply chain management (SCM) services in the Russia/CIS area, is pleased to announce a first competitive tender award from a major international oil company in Kazakhstan.

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W-B Supply Company, a leading independent pipe and supply business, announced today the acquisition of Permian Pump and Supply, a pump repair and oilfield supply company with multiple locations in West Texas and New Mexico.

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Basin Supply, a global integrated oilfield supply company, is pleased to announce the acquisition of Slick Oilfield Supplies along with its Manager Roy Swanson.

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Basin Supply is pleased to announce the opening of Basin Supply Ecuador, headquartered in Quito. Basin Supply Ecuador offers equipment sales, distribution capability, and supply chain management expertise to oil and gas companies and operators throughout Latin America, working in coordination with Basin Supply affiliates worldwide.

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Basin Supply, a global integrated oilfield supply company, is pleased to announce a new hire. Mauricio Tovar joins Basin Supply Latin America as the Manager of Drill Bit Sales.

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One of Basin Promservice’s customers, a subsidiary of one of the largest oilfield service companies in the world, recently increased a supply order of power cables for Electronic Submersible Pumps (ESP) from $3.6 to $4.5 million dollars.

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Basin Supply is pleased to announce the opening of Basin Supply East Africa, headquartered in Nairobi, Kenya. In coordination with all Basin Supply affiliates, Basin Supply East Africa offers equipment sales, distribution capability, and supply chain management expertise to oil and gas companies in the East African region, capitalizing on the region’s new petroleum developments and increased spending.

Our local management team in East Africa utilizes Basin Supply’s global strength to provide regional operators with customer-oriented supply solutions. Contact Basin Supply East Africa for all your regional oilfield equipment needs.

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Basin Supply MENA is pleased to announce its completion of a JV with Al-Dorra Petroleum Services in Kuwait. The JV offers equipment supply and oilfield services to regional operators in the Middle East and North Africa. Contact Basin Supply MENA for more information.

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Basin Supply is pleased to announce the opening of Basin Supply Peru, headquartered in Lima. In coordination with all Basin Supply affiliates, Basin Supply Peru offers sales and supply chain management expertise to global oil and gas companies in Latin America.

The new office is part of Basin Supply’s increased expansion into Latin America, providing customers and affiliates with local infrastructure, strong industry relationships, and dynamic options for equipment supply. Contact Basin Supply Peru for all your regional oilfield equipment and supply chain management needs.

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Basin Promservice opened a new supply store / warehouse in Sakhalin, offering supplies and other consumables to oilfield operators in one of the Russia’s richest petroleum regions.

The new store demonstrates Basin Promservice’s increasing foothold in Sakhalin, and more generally, the company’s growth in the Russian Federation since 2010. Similar store openings will be announced within the year.

Basin Promservice continues to sell oilfield supplies and equipment to oil and gas operators in the Former Soviet Union. Contact Basin Promservice for all your Russian oilfield equipment needs. For more information about Basin Promservice, visit www.basinpromservice.ru.

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We are pleased to announce the opening of Basin Supply China, headquartered in Shanghai. Basin Supply China offers procurement and logistics expertise to global oil and gas companies in coordination with all Basin Supply affiliates. Our supply chain professionals have a unique knowledge of the Chinese equipment universe. Having built strong relationships with the highest quality Chinese oilfield equipment manufacturers, they provide Basin Supply customers with access to the best in class oil and gas products and equipment. Contact Basin Supply for all of your Chinese oilfield equipment needs.

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Basin Supply is pleased to announce the signing of a representation agreement with Flotek Industries (NYSE: FTK). Basin Supply will market certain Flotek chemical and downhole tool products and services in select international markets, including China, Colombia, Ecuador, India, Iraq, Kuwait, Oman, Peru, Qatar and Russia. Basin Supply will also have the right to market Flotek's Teledrift product in Colombia, Egypt, Kuwait, Kyrgyzstan, Morocco, Oman, Qatar, and Russia. Contact Basin Supply with any inquiries about these products.

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Basin Supply is pleased to announce the acquisition of VF PromService in Russia. VF PromService, renamed Basin PromService, will serve as the Basin Supply affiliate of Basin Supply throughout the Former Soviet Union, effective January 12, 2011

Founded in 2010, Basin PromService provides sales, distribution capability, and procurement outsourcing to the oil & gas industry. Basin PromService's activities are mainly focused on international oil companies, drilling contractors and service companies operating in the Former Soviet Union. For more information about Basin Promservice, visit www.basinpromservice.ru.

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