News and Media

Repsol YPF Awards Crowley Multi-Year Logistics Support Contract for Eastern Venezuela

(CARACAS, VENEZUELA; June 16, 2000) Repsol YPF, a worldwide oil, chemical and gas company, has awarded Crowley Marine Services de Venezuela (CMSV) a multi-year contract to support its Eastern Venezuela exploration and production operations.

Crowley will provide storage and inventory control of oilfield equipment and coordination of all land services between the base and Repsol’s drilling and production areas. All activities performed by Crowley will be in accordance with American Petroleum Institute (API) standards. Logistics functions will be managed out of Crowley’s Maturin, Venezuela supply base.

“We feel very well supported by Crowley Marine Services de Venezuela, said Carlos E. Muoz, Sourcing and Contracts Manager for Repsol YPF, E&P Latin America – Caribbean Region. Their experience and professionalism will grant us the best results.

We are extremely pleased to be working with a professional organization such as Repsol YPF in support of its Venezuelan operations, said Jim Shettig, General Manager of CMSV. Crowley is committed to providing Repsol YPF with world-class logistics services, and to supporting the oil industry within Venezuela and Latin America for many years to come.

Repsol YPF is an oil, chemical and gas company, carrying out worldwide activities in exploration and production, refining, distribution and marketing, chemicals and natural gas and electricity. Repsol YPF conducts oil and natural gas exploration and production operations in Europe, North Africa, Indonesia, and Latin America.

Repsol YPF has extensive operations in Venezuela. It has a 55 percent stake of the Quiriquire unit, a 25 percent interest in the second block called Guarapiche. In addition, Repsol YPF operates the Mene Grande field, near Lake Maracaibo, and has a 25 percent stake in the Quiamare-La Ceiba block and a 50% stake in the Guarico Occidental block.

Crowley Marine Services de Venezuela, a subsidiary of Crowley Marine Services Inc, provides logistics support services to Energy Companies operating in Venezuela. Service lines include land transportation management, warehousing and inventory control, shore-based operations, marine logistics management, remote crude terminaling and transportation, spill response planning and ISO/ISM certification programs. All CMSV operations are ISO-9002 certified.

Crowley Marine Services, Inc., a subsidiary of Oakland-based Crowley Maritime Corporation, founded in 1892, has its U.S. West Coast operating headquarters in Seattle and East Coast and International operating headquarters in Jacksonville, Fla. The company provides specialized marine transportation and logistics services on a worldwide basis, operating one of the world’s largest fleets of marine and related equipment. The company’s primary services include tanker escort and ship assist; petroleum transportation and sales; contract barge transportation and ocean towing; logistics and support services; marine salvage and emergency response; and all-terrain transportation. Additional information about Crowley, its subsidiaries and business units may be found on the Internet at www.crowley.com.