Frank’s International Breaks Ground on New Operations Facility

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pr-franks-ground-breaking(Lafayette, La.) – On Sept. 25, Frank’s International N.V. (NYSE: FI) held a groundbreaking ceremony for its new Operations Facility, located at 708 Beau Pre Road in Lafayette. The 175,000-square-foot facility will consist of a combination of shop, warehouse, and office space to house the company’s operational departments and approximately 200 employees. Construction is planned to be completed by October 2014.

This facility is the first of several new construction projects planned for the Frank’s International Lafayette Campus. The building is designed to safely optimize operational workflow and bring together key components in a centralized location. These changes will increase procedural continuity and communication among departments, and encourage employee cross-training for greater flexibility.

Frank’s International is celebrating 75 years in business this year, successfully completing its first public offering in August. Speaking at the event, President & CEO Keith Mosing discussed the company’s history of innovation and plans for future development. “We want to continue growing our company, investing in research and development, and delivering new products for the energy sector,” he said. “We recognize the importance of Lafayette as the gateway to the oil and gas industry, and we’re proud to continue investing in this community.”

Photo: (L-R) Kirk Mosing, Brent Mosing, Keith Mosing, Donald Mosing, Kendall Mosing, Vohn Mosing, Brad Mosing, Robert Gilbert

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Frank’s International N.V. is a global oil services company that provides a broad and comprehensive range of highly engineered tubular services to leading exploration and production companies in both offshore and onshore environments, with a focus on complex and technically demanding wells. Founded in 1938, Frank’s has over 4,000 employees and provides services in approximately 60 countries on six continents. The Company’s stock is traded on the NYSE under the symbol “FI.”