Eurasia Drilling: H1 Results – Revenue Down 40%, Exchange Rates and Drilling Activity Hitting Numbers
Eurasia Drilling Company Limited, the leading onshore & offshore drilling service provider in the CIS, today releases its Interim Consolidated Financial Results, prepared in accordance with US GAAP, for the six month period ended June 30, 2015. The reviewed 2015 Interim Consolidated Financial Statements for the six months ended June …
Eurasia Drilling Company: 2014 Results – Drilled Metres Down 9.5%, Margin Up to 14.1%
Eurasia Drilling Company Limited,the leading onshore & offshore drilling service provider in the CIS, today announced its consolidated financial results for the year ended December 31, 2014, prepared in accordance with US GAAP. The audited Consolidated Financial Statements for the twelve months ended December 31, 2014, and Management’s Report on …
Eurasia Drilling Company: Appoint Taleh Aleskerov as CFO
Eurasia Drilling Company Limited has appointed Taleh Aleskerov as Chief Financial Officer commencing April 1, 2015. Mr. Aleskerov has served as Senior Vice President – Finance of the Company’s chief Russian subsidiary since 2007. W. Richard Anderson is resigning as the Company’s Chief Financial Officer effective April 1, but remaining …
Eurasia Drilling Company: Results Pleasing in – Challenging Market Environment, High Geopolitical Tensions,Declining Oil Prices and Weakening Ruble
Eurasia Drilling Company Limited, the leading onshore & offshore drilling service provider in the CIS, today announced its operational and financial update for the nine months ending September 30, 2014. The financial data is based on management assessment only and has not been reviewed by external auditors. NINE MONTHS 2014 …
EDC: 1H Results – Revenues Down, Income Down, Horizontal and Lukoil Drilling Metres Up
Eurasia Drilling Company Limited, the leading onshore & offshore drilling service provider in the CIS, today releases its Interim Consolidated Financial Results, prepared in accordance with US GAAP, for the six month period ended June 30, 2014. The reviewed 2014 Interim Consolidated Financial Statements for the six months ended June …
EDC Reports 2013 Full Year Results: NET Income up 13%
Eurasia Drilling Company Limited,the leading onshore & offshore drilling service provider in the CIS, today announced its consolidated financial results for the year ended December 31, 2013, prepared in accordance with US GAAP. The audited Consolidated Financial Statements for the twelve months ended December 31, 2013, and Management’s Report on …
Eurasia Drilling Company: Awarded Multi-Year Contract for New-Build Jack-up Rigs in the Caspian Sea
Eurasia Drilling Company Limited, the leading onshore and offshore drilling service provider in the CIS, announces today that Dragon Oil plc, an international independent oil and gas exploration, development and production company, has awarded a three year contract to BKE Shelf (a subsidiary of EDC) for the provision and management …
EDC Group: First Half Financials – Revenue Up 7.6%
Eurasia Drilling Company Limited, the leading onshore and offshore drilling service provider in the CIS, today released its Interim Consolidated Financial Results, prepared in accordance with US GAAP, for the six month period ended June 30, 2013. The reviewed 2013 Interim Consolidated Financial Statements for the six months ended June …
EDC Announces New Senior Appointments
Eurasia Drilling Company Limited, the leading onshore and offshore drilling service provider in the CIS, today announces two important appointments to its senior management team. Atle Løge, has been appointed Vice President, Business Development of EDC. Atle has 27 years experience of the oilfield services sector. He joins from Baker Hughes …
EDC Announces New LUKOIL Framework Agreement
Eurasia Drilling Company Limited announced today that it has signed a new long-term framework agreement for onshore drilling and completion operations with OAO LUKOIL. The new framework agreement, which concludes on December 31, 2015, defines pricing methodology and minimum work volumes (metres drilled) for exploration and production drilling in Russia. …