HOUSTON, Sept. 29, 2008 (GLOBE NEWSWIRE) -- Stallion Oilfield Services Ltd. and The Stirling Group announced today that they would not at this time be proceeding with the previously announced purchase by Stallion of the international risk management and loss prevention business of The Stirling Group. Stallion's CEO, Craig Johnson, commented, "Stirling provides a broad array of risk assessment and facilities coordination services to top international firms and national oil companies throughout Europe, Africa and the Middle East. We wish the timing and markets had been different and continue to believe that Stallion's engineering and deployment expertise in accommodations and remote camps combined with Stirling's expertise in risk assessment and facilities coordination could make an attractive service offering to oil and gas companies operating in remote international markets." Stallion and Stirling stated that they are continuing to discuss and explore ways to work together and co-market their respective service offerings in selected international markets including the possibility of entering into a strategic alliance for such purpose.
Stirling, owned and managed by Mike Lord, is a provider of risk and facilities management solutions to the hydrocarbon industry in Europe, Africa and the Middle East.
About Stallion
Stallion Oilfield Services Ltd. provides wellsite support services and production & logistics services to the oilfield with approximately 2,800 employees in 72 locations. Our range of critical wellsite services include onshore and offshore workforce accommodations and remote camp complexes, surface rental equipment, solids control, communication services, wellsite construction, rig relocation, heavy equipment hauling, fluids handling and logistics. Stallion's Everything but the Rig(r) product offerings are designed to improve living and working conditions, safety, and our customers' productivity at the wellsite. Stallion is headquartered in Houston, Texas and delivers products and services in the South Texas, Gulf Coast, Ark-La-Tex, Ft. Worth Basin, Permian Basin, Mid-Continent, Appalachian Basin, Alaska's Prudhoe Bay and Rocky Mountain regions as well as to the global offshore industry.
Please find additional information at the Company's web site: www.stallionoilfield.com