EANS-News: C.A.T. oil AG: 2010 order book already surpasses EUR 200 million

• Top 5 customers placed sidetrack drilling and hydraulic fracturing
orders worth EUR 206 million for 2010
• TNK-BP rolls over three-year
contract for hydraulic fracturing services
• Participation in
additional tenders throughout the current fiscal year

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Company Information

Subtitle: • Top 5 customers placed sidetrack drilling and hydraulic
fracturing orders worth EUR 206 million for 2010 • TNK-BP rolls over
three-year contract for hydraulic fracturing services • Participation
in additional tenders throughout the current fiscal year

Vienna, January 27, 2010 (euro adhoc) - C.A.T. oil AG (O2C, ISIN:
AT0000A00Y78), one of the leading providers of oil and gasfield
services in Russia and Kazakhstan, enters well prepared into Fiscal
Year 2010: Throughout the fourth quarter the Company successfully
participated in tenders for oil and gasfield services and received
new orders worth EUR 206 million (based on a rouble-to-euro exchange
rate of 43). The sidetrack drilling and hydraulic fracturing
contracts were awarded by C.A.T. oil´s long-term customers Rosneft,
TNK-BP, Gazprom, LUKoil and Kazmunaigaz which together represent the
largest oil and gas producers in Russia and Kazakhstan.

Furthermore, C.A.T. oil´s core operating subsidiary CATOBNEFT was
able to carry on its well-established business relationship with
TNK-BP. Following the successful execution of a three-year contract
for hydraulic fracturing services in 2009, TNK-BP awarded another
three-year assignment to CATOBNEFT which includes a minimum of 1,500
hydraulic fracturing jobs. Beginning this year, the hydraulic
fracturing jobs will be carried out in the Nizhnevartovsk area (West
Siberia) until the end of Fiscal Year 2012.

"We are very proud of the results of the latest tender period. Unlike
last year we are operating on the basis of a very solid order backlog
at the beginning of 2010. Our customers are planning with increased
production levels again and award assignments at an early point in
time. Already at the end of January our order book has therefore
exceeded EUR 200 million. The assignments and the three-year contract
by TNK-BP demonstrate, that C.A.T. oil is very well established in
its core markets and customers count on the knowhow of our crews and
the quality of our services", Manfred Kastner CEO of C.A.T. oil
said.

During the course of the first quarter and beyond C.A.T. oil will
continue to participate in tenders for additional service job
contracts. "Based on the latest order book status, we expect our core
businesses, sidetrack drilling and hydraulic fracturing, to grow
further during 2010. The cost cutting program exe-cuted in 2009 has
laid the groundwork to deliver high-quality service at a com-petitive
price level while at the same time increasing efficiency. C.A.T. oil
is therefore well prepared for 2010 and the years beyond and we look
forward to make best possible use of the latest positive signs in our
core markets", Manfred Kastner said.

C.A.T. oil will publish its results for Fiscal Year 2009 on April 28,
2010.

www.catoilag.com

Press contact:
FD

Carolin Amann
Tel.: +49 (0)69 92037-132
Email: carolin.amann@fd.com

About C.A.T. oil AG: C.A.T. oil AG is one of the leading providers of
oil and gas field services in Russia and Kazakhstan and is listed at
the Frankfurt Stock Exchange (SDAX). C.A.T. oil offers a wide
spectrum of services to increase the lifecycle of an oil field or to
make aban-doned oil fields accessible. The Company´s growth is driven
by three significant fac-tors: Existing oil fields need to be
stimulated due to shrinking oil and gas resources in order to
optimize capacities. Simultaneously, idle wells are reactivated or
made ac-cessible through new methods in order to deploy wells to
their maximum. Additionally C.A.T. oil offers seismic services which
help to identify new oil and gas sources. Since its foundation in
1991 in Celle, Germany, C.A.T. oil has built up a leading hydraulic
fracturing services business with a current market share of almost
30% in Russia and Kazakhstan. Following its IPO in 2006 the company
has invested more than EUR 200 million in additional services and
capacities: sidetrack drilling has become the Com-pany´s second core
business with a market share of approx. 18% in Russia. Apart from the
services mentioned above, C.A.T.oil´s diversified service portfolio
includes coiled tubing, formation evaluation services, well
work-over, cementing and seismic services. Due to the recent
expansion investments C.A.T. oil´s fleets and rigs are
state-of-the-art and therefore allow for time-efficient and effective
deployment.

C.A.T. oil´s customer base includes the leading Russian and Kazakh
oil and gas pro-ducers amongst them Gazprom, KazMunaiGaz, LUKOIL,
Rosneft and TNK-BP. With all of them C.A.T. oil has a long-standing
relationship and has been a reliable service provider since its
market entrance in the early nineties.

The Company has its headquarters in Vienna and employed an average of
3,024 people in the first nine months of 2009, most of whom are based
in Russia and Kazakhstan. The Company´s 2009 order book amounted to
EUR 228 million in September 2009.

end of announcement euro adhoc
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ots Originaltext: C.A.T. oil AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

Carolin Amann

Tel.: +49(0) 69-92037132

E-Mail: Carolin.Amann@fd.com

Branche: Oil & Gas - Upstream activities
ISIN: AT0000A00Y78
WKN: A0IKWU
Index: SDAX, Classic All Share, Prime All Share
Börsen: Frankfurt / regulated dealing/prime standard