Russia-China-Led Group To Acquire Eurasia Drilling Stake
The Russia-China Investment Fund (RCIF) leads a consortium that will acquire a 16.1 percent stake in Russia’s Eurasia Drilling Company (EDC), a Russian fund involved said. RCIF involves the Russian Direct Investment Fund (RDIF) and China Investment Corporation. The consortium also includes funds from the Middle East whose names have …
Eurasia Drilling Company: 2015 Interim Results
Eurasia Drilling Company Limited (“EDC” or the “Company” – LSE: EDCL), the leading onshore & offshore drilling service provider in the CIS, will release its unaudited interim financial statements and operations update for the six months ended 30 June 2015 on 20 August 2015. A conference call for investors and …
Eurasia Drilling Company: Uses Cash to Extend Share Repurchase Program
Eurasia Drilling Company Limited, the leading onshore & offshore drilling service provider in the CIS, announced today that on September 23, 2014 the Board of Directors of EDC approved the extension of its Share Repurchase Program for an additional six month period starting October 2, 2014, once the current Share …
Eurasia Drilling Company: Continues GDR Buy Back Program
Eurasia Drilling Company Limited, the leading onshore and offshore drilling service provider in the CIS, announced today that on September 19 and September 22, 2014 a subsidiary of the Company purchased 50,500 of the Company’s Global Depositary Receipts (“GDRs”) at the average price of USD 25.91 per GDR. One GDR …
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 …
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. …
Eurasia Drilling Signs new LukOil Contract with Net Income Up 35%
Russia’s top oilfield services company Eurasia Drilling (EDC) said on Tuesday its 2012 net income jumped 35 percent, year-on-year, to $382 million on strong demand from oil firms fighting output declines at depleted fields. * Net income rises 35 pct to $382 mln in 2012 * EBITDA up 31 percent …
Russian Drilling Contractors Roundtable – RDCR – 11th of April – Update
On April 11th, at the Swissotel Moscow, TMG Worldwide is organizing the 1st Russian Drilling Contractors Roundtable, www.rdcr.net The RDCR is a one day event. The event is designed to provide a platform for the regional drilling contractors to discuss which technologies are available for their rig and equipment upgrade …