## Company Profile 

Dril-Quip, Inc. is one of the world’s leading manufacturers of offshore drilling and production equipment that is well suited for use in deepwater applications. 

The Company designs and manufactures subsea, surface and offshore rig equipment for use by oil and gas com- panies and drilling contractors in offshore areas through- out the world. Dril-Quip  also provides technical advisory services, reconditioning services and running tools for use in connection with the installation and retrieval of its products. 

Headquartered in Houston, Texas, Dril-Quip  has manu- facturing facilities in the United States, Brazil, Scotland and Singapore. The Company also has sales and service offices in numerous locations throughout the world. Dril-Quip’s  manufacturing operations are vertically inte- grated, with the Company performing essentially all of its forging, heat treating, machining, fabrication, inspec- tion, assembly and testing at its own facilities. The Com- pany has developed its broad line of subsea, surface and offshore rig equipment primarily through internal product development efforts. 

Dril-Quip  is recognized for its full range of innovative drilling and production products that can be utilized to provide total solutions for offshore field developments. 

Dril-Quip  operations are divided into three geographical regions that supply equipment and services to offshore oilfields through a network of manufacturing, sales and service offices, and sales representatives strategically located throughout the world: 

## Western Hemisphere 

Dril-Quip’s  Houston facility operates as the Corporate Headquarters for the Company and as the Western Hemisphere regional headquarters, serving the offshore areas of North and South America. 

## Eastern Hemisphere 

The Eastern Hemisphere headquarters, located in Ab- erdeen, Scotland, and its regional facilities (Norway, Denmark, The Netherlands, Egypt, Ghana and Nige - ria) service offshore markets in the North Sea, Iceland, Greenland, Africa and the Mediterranean. 

## Asia-Pacific 

The Asia-Pacific headquarters, located in Singapore, and its regional facilities (Australia, Malaysia, India, Indonesia, Qatar and China) service offshore markets in the Asia-Pacific Rim, India, Australia, China and the Middle East. 

## The Dril-Quip  Product Line 

## Subsea and Surface Products 

Dril-Quip  provides components that are used in the process of drilling a well, including subsea and surface wellheads, mudline suspension equipment, liner hangers and large diameter specialty casing connectors for surface and sub- sea applications offshore. Completion equipment and systems for development wells include subsea and surface trees, templates, manifolds, flowline connection systems, tie-back connectors, production riser and tensioning systems, and control systems. 

## Offshore Rig Equipment 

Dril-Quip  provides diverter systems and offshore drilling riser systems (includ- ing telescopic joint, flex joint, riser fillup joint, booster joint and rig floor handling equipment), and all associated running, handling and testing tools, along with wellhead/lower marine riser connection systems used with the BOP stack. 

## Services 

Dril-Quip  offers aftermarket services that include field technical advisory services, repair and reconditioning of its cus- tomer-owned products, and rental and refurbishment of running tools used for installation and retrieval of its products. 

## Forward-Looking Statements 

Statements contained in this Annual Report relating to future operations, financial results and business plans are forward-looking statements that are based upon certain assumptions and analysis made by the management of the Company in light of its experience and perception of historical trends, current conditions, expected developments and other factors. These statements are subject to risks beyond the Company’s control, including the factors detailed in the Company’s Annual Report on Form 10-K enclosed herewith. Investors are cautioned that any such statements are not guarantees of future performance and actual outcomes may vary materially from those indicated. Forward-looking statements speak only as of the date they are made, and the Company assumes no obligation to update such information. 

