Eurasia Drilling’s EDC Neptune Being Delivered by Blue Water Energy from Lamprell Energy
Following a successful delivery of the EDC Neptune from UAE to Russia in 2012, Lamprell Energy has again selected Blue Water Shipping as their transport partner to deliver a LeTourneau S116E jack-up rig from their Hamriyah yard to Russia. “We selected Blue Water Shipping due to their competitive bid, but …
Eurasia Drilling Sees 50% Growth Potential in Horizontal Drilling in 2013
Eurasia Drilling expects sales to grow 12.5 percent to $3.6 billion this year as the largest Russian oil driller boosts lucrative “horizontal” projects. “The main reason is horizontal drilling, which should be up substantially,” Chief Financial Officer Richard Anderson said today by phone from Moscow. “The wells cost more.” Total …
Eurasia Drilling Financial Results
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, 2011. The reviewed 2011 Interim Consolidated Financial Statements for the six months ended June …
Eurasia Drilling Company Limited and Schlumberger Announce Completion of Transactions and Strategic Alliance
Eurasia Drilling Company Limited and Schlumberger announced today the completion of the sale and purchase of each other’s drilling and service assets together with the formation of a Strategic Alliance in line with the Letter of Intent announced on 4th October 2010. The key elements of the transactions completed on …