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Monday, April 04, 2011

Italy's Trevi Wins $212 Million Oil-Rig Contract In Turkey

"Italy's Trevi Wins $212 Million Oil-Rig Contract In Turkey

ROME -(Dow Jones)- Trevi-Finanziaria Industriale SpA (TFI.MI), an Italian engineering company, said Monday it has received a $212 million contract to supply 11 oil drill rigs for Turkey.

The contract, worth by itself almost 20% of Trevi's annual revenue, is a significant win for Trevi and for the Italian economy as the equipment will be built at Trevi's Drillmec manufacturing facilities in Piacenza, northern Italy."

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