MacDermid Offshore Solutions Receives OTC Spotlight on New Technology Award

Houston, TX, March 18, 2010 --(PR.com)-- MacDermid Offshore Solutions, a global leader in subsea hydraulic fluids, announced today that the company has been honored with a 2010 Spotlight on New Technology Award sponsored by the Offshore Technology Conference (OTC) for its patent-pending ultra-high-temperature subsea production control fluid – Oceanic XT900(sm). Oceanic XT900(sm) is capable of reaching downhole temperatures of 220 degrees C (428 degrees F), significantly exceeding the capability of any suitable fluids on the market today.

"This product is capable of revolutionizing the offshore exploration and production industry," says MacDermid Offshore Solutions President Mark Hollinger. "We believe that this technology will help our customers unlock significant value in deep ultra-high temperature wells."

The fluid has been tested for six months at 220 degrees C and qualifies in accordance with the industry standard for subsea control fluids, ISO 13628-6 Annex C. Oceanic XT900(sm) is biodegradable, and a natural extension of MacDermid Offshore Solutions' Oceanic HW (High Water) product line, leading the offshore fluids industry with green products since 1979.

MacDermid Offshore Solutions provides products and services for the offshore oil industry, worldwide. Its market leading Oceanic and Erifon water-based fluids are used for hydraulic valves in offshore drilling and production systems.

For further information, please feel to contract Steve Racca, VP of Business Development, on Tel: +1 713 472 5081 or at offshore@macdermid.com.

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