Half-Year Report for the Six Months Ending June 30, 2025

01 Sep 2025 17:44 CEST

Houston, United States: Varel Oil and Gas Inc. ("Varel" or the "Company") today
announced that it has published its Half-Yearly Report (unaudited) for the six
months ending June 30, 2025. The report will also be available on
https://www.varel.com/FinancialReportsandPresentations.

For more information, please contact:
Witland LeBlanc, CFO
wleblanc@varel.com
+1 (713) 306-8691

About Varel:

Varel is a manufacturer of consumable drilling, cementing, and completion
products for the oil and gas industry. Varel offers solutions that enable
customers to drill, complete, and produce wells efficiently, safely, and in a
cost-effective manner. Headquartered in Houston, USA, Varel operates over 1.2
million square feet of low-cost manufacturing facilities strategically located
in Mexico, India, and Saudi Arabia to serve key markets globally with fast
response times. Varel's offered products include both (i) a diverse product
portfolio of highly engineered comprehensive drilling, cement and equipment
packages across the wellbore construction, including well drilling, well
installation and well completions, containing a full suite of components needed
for a newbuild or reactivated drilling rig, and (ii) individual or grouped
components of specific products that facilitate customers in maintaining and
upgrading their existing fleet.

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654445_Varel Oil and Gas Inc._Consolidated _30 June 25_Half Yearly Report.pdf