Schoeller-Bleckmann Oilfield Equipment AG

EANS-News: Schoeller-Bleckmann Oilfield Equipment AG
Hurricane Harvey has little impact on the company?s own business operations in Houston, Texas, emergency aid for employees

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Ternitz - Ternitz/Vienna, August 31, 2017. The Schoeller-Bleckmann Oilfield
Equipment AG (SBO) facilities in Houston, Texas have not been seriously affected
by Hurricane Harvey. In spite of the dramatic devastation caused by Hurricane
Harvey in the region, work carried out at the SBO sites only suffered from brief
interruptions. Precautionary measures were immediately initiated at the
beginning of the hurricane. Work was stopped and employees were instructed to
stay at home. SBO kept the facilities closed until the middle of the week in
order to ensure the safety of its employees. At this time operations have been
resumed with about 30% of the staff. It is planned to reach normal production
levels again in the middle of next week when all access roads are useable once
again.

"We immediately took steps to ensure the safety of our employees. Affected
employees who have suffered damage will be helped within the context of our
emergency aid measures. This is standard practice for us", states SBO CEO Gerald
Grohmann. "Our production operations have not been impacted very much by the
hurricane."

SBO employs about 500 employees at five sites operated by its subsidiaries in
Houston.

SBO is the global market leader in high-precision components made of high-alloy
steel and a leading supplier of key components for the oilfield service
industry. The business focus is on non-magnetic drillstring components and high-
tech downhole tools for drilling and completing directional and horizontal
wells. As of 30 June 2017, SBO employed a workforce of 1,295 worldwide (31
December 2016: 1,200), thereof 310 in Ternitz, Austria and 633 in North America
(including Mexico).



Further inquiry note:
Ildiko Füredi-Kolarik	
Metrum Communications GmbH 		
Phone: +43 1 504 69 87 Ext. 351	
E-mail: i.fueredi@metrum.at		

Stefan Trittner
Metrum Communications GmbH
Phone: +43 1 504 69 87 DW 341
E-mail: s.trittner@metrum.at

end of announcement                         euro adhoc
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issuer:       Schoeller-Bleckmann Oilfield Equipment AG
              Hauptstrasse 2
              A-2630 Ternitz
phone:        02630/315110
FAX:          02630/315101
mail:      sboe@sbo.co.at
WWW:       http://www.sbo.at
ISIN:         AT0000946652
indexes:      ATX, WBI
stockmarkets: Wien
language:     English
 

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