Smith International, Inc. Confirms Status of Personnel on Deepwater Horizon

Smith International, Inc. (NYSE: SII) confirms that five M-I SWACO employees were aboard the Transocean Deepwater Horizon at the time of the incident that occurred in the evening of April 21st. While three M-I SWACO employees have safely returned to their families, two remain missing at this time.

“We are deeply saddened by this tragic event. Our thoughts and prayers are with our colleagues and the loved ones of those affected,” stated John Yearwood, President and CEO of Smith International, Inc. Chris Rivers, President and CEO of M-I SWACO added, “We will continue to provide all possible support to our employees and family members impacted by this disaster.”

M-I SWACO, which is based in Houston, TX and jointly owned 60% by Smith International, Inc. and 40% by Schlumberger Limited (NYSE:SLB), is a leading provider of a wide range of products and engineering services designed to deliver Drilling Solutions, Environmental Solutions, Wellbore Productivity and Production Technologies. The company is strategically located in more than 70 countries.

Smith International, Inc. is a leading supplier of premium products and services to the oil and gas exploration and production industry. The Company employs over 22,000 full-time personnel and operates in over 80 countries around the world.

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