Eurasia Drilling and Schlumberger: Merger Update – Deal Extended to 30th April

Eurasia Drilling Company Limited announces that Schlumberger B.V. (“SLB”) and the Company are continuing to cooperate with the Russian Federal Anti-Monopoly Service (“FAS”) and the Commission on Foreign Investment in relation to the proposed merger between the Company and EDC Acquisition Company Limited (“EACL”) and the related transaction with SLB. In light of this, the parties to the proposed transaction have agreed to extend the long-stop date for completion of the transaction from 31 March 2015 to 30 April 2015.

The Company will make a further announcement regarding the expected timing of the completion of the transaction in due course.