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OPERATIONS STARTING IN NORTHERN SPAIN

AVA to participate with Weatherford on the first of four wells in Northern Spain for ENDESA GENERACION

AVA S.p.A. has been awarded a contract to provide drilling fluids and solids control equipment to ENDESA GENERACION in Northern Spain as part of a combined services project with Weatherford International. The contract includes four wells starting with the first in late July, DUERO 1. The well program is part of a gas storage project reaching depths of approximately 2500 meters.