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The signing of the contract with OLIMPS Ltd.

Exalo Drilling has signed a contract with OLIMPS Ltd. Under the agreement, we will deliver the SK-175 reconstruction device along with drilling services for the reconstruction of 7 boreholes at the Conexus Baltic Grid Underground Gas Storage in Latvia. The contract completion time is 10 months.

The signing of this contract marks the return of our company to the Latvian market after 16 years, as well as an opportunity to acquire new clients and expand our operations in this part of Europe.