HOUSTON, June 2 /PRNewswire-FirstCall/ -- Dril-Quip, Inc. (NYSE: DRQ) today announced that Dril-Quip do Brasil LTDA, its wholly owned subsidiary, has been awarded a three year contract valued at approximately $180 million for the supply of subsea wellhead systems to Petrobras for use in the drilling of deepwater wells offshore Brazil. Initial orders under the contract are valued at approximately $80 million and will be included in Dril-Quip's backlog at the end of the second quarter of 2009.

Dril-Quip is a leading manufacturer of highly engineered offshore drilling and production equipment which is well suited for use in deepwater, harsh environment and severe service applications. Dril-Quip's latest investor presentation is available under the investor section of the Company's website at http://www.dril-quip.com.

SOURCE Dril-Quip, Inc.