HOUSTON--(BUSINESS WIRE)--Nov. 21, 2003--Hanover Compressor
Company (NYSE:HC), a global market leader in full service natural gas
compression and a leading provider of service, fabrication and
equipment for oil and natural gas processing and transportation
applications, announced today that the Securities and Exchange
Commission has declared effective its shelf registration statement
related to the offering and sale from time to time of up to $700
million of debt securities, guarantees of debt securities, common
stock, preferred stock, depositary shares, securities warrants, stock
purchase contracts and stock purchase units by Hanover and guarantees
of debt securities by Hanover Compression Limited Partnership. In
addition, Hanover announced today that the Securities and Exchange
Commission has declared effective its shelf registration statement
related to the offering and sale from time to time for the account of
Schlumberger Technology Corporation of Hanover's previously issued
Zero Coupon Subordinated Notes due March 31, 2007 paying, at maturity,
the aggregate principal amount of $262,621,810.
This press release shall not constitute an offer to sell or a
solicitation of an offer to buy any of the securities described above.
An offering of any such securities will be made only by means of a
prospectus. Any such prospectus shall not constitute an offer to sell
or the solicitation of an offer to buy, nor shall there be any sale of
any such securities in any state or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction.
CONTACT: Hanover Compressor Company, Houston
Investor Relations
Lee Beckelman, 281-447-8787
SOURCE: Hanover Compressor Company