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 …
Gazprom Neft Signs Long-term Cooperation Agreement With Drilling and Well Services Contractor Eurasia Drilling Company
Gazprom Neft has announced the signing of a three-year framework agreement on drilling and well reconstruction with leading CIS onshore and offshore drilling service provider Eurasia Drilling Company Limited (EDC). Under the terms of this agreement, Gazprom Neft has estimated the full range of drilling services required by its subsidiary production companies, to be provided by EDC’s regional affiliates. EDC guarantees …
Eurasia Drilling Company: Buys Back GDR’s
Eurasia Drilling Company Limited, the leading onshore and offshore drilling service provider in the CIS, announced today that on April 11 and April 18, 2014 a subsidiary of the Company purchased 70,000 of the Company’s Global Depositary Receipts (“GDRs”) at the average price of USD 23.81 per GDR. One GDR …
Technology Roundtable: Russia’s Drilling Contractors – EDC, Weatherford, Bashneft Drilling, Eriell Group, IDS and Nabors Russia
1. Could you please describe the capabilities of your rig fleet? Bashneft-Drilling: Our rig fleet is currently located in three oil producing provinces of Russia – the Urals-Volga region, the Khanty-Mansiisk Autonomous Okrug (KhMAO), and the Nenetsk Autonomous Okrug (NAO). Our rig fleet capabilities include: Urals-Volga region Drilling rigs with …
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 …
EDC to Announce Their 2013 Results on the 27th of March
A conference call for investors and analysts hosted by senior management of the Company, will be held on the same day at 2:00 p.m. GMT. Equivalent times for other locations: 3:00 p.m. Central Europe, 6:00 p.m. Moscow, 10:00 a.m. New York. Participants dial-in details: UK Tel: 0844-493-3800 US Tel: +1-631-510-7498 …
EDC Announces Dividend of USD 0.92 per Share
Eurasia Drilling Company Limited, the leading onshore & offshore drilling service provider in the CIS, announced today that it will pay a dividend on January 17, 2014 of USD 0.92 per share (FY2012: USD 0.70) to shareholders of record as of December 31, 2013. The dividend was declared by the …
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 …