Eurasia Drilling: Jack-Up Saturn’s Contract Cancelled
Eurasia Drilling Company Limited announces that it has received a letter of early termination of the contract for its jackup rig SATURN effective from October 8’th 2015. The current contract was expiring on 8’th January 2016. The early termination fee consists of 100% of the contract rate for 30 days …
EDC: Confirms Cancellation of EDC and Schlumberger Merger and Transactions Plus Financial Update
EURASIA DRILLING COMPANY LIMITED UPDATE ON MERGER Further to our press release of 25 September 2015 when we announced that Schlumberger had advised us that it would not be extending the Long Stop Date after 30 September 2015, we can now confirm that the long stop date has expired and …
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: 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 …
Gazprom Neft: GSP Saturn Delivered to The Dolginskoye Field
The GSP Saturn drilling platform has been delivered for test drilling at the Dolginskoye field. The jackup rig was contracted by Gazprom Neft’s subsidiary, Gazpromneft Sakhalin, which operates the Dolginskoye field on the continental shelf in the Pechora Sea. An exploration well will be drilled from the platform during the …
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 …
Schlumberger Launches New Wireline Formation Testing Service
Schlumberger today introduced the Saturn* 3D radial probe as the newest module for the MDT* modular formation dynamics tester. With the Saturn probe, customers can now obtain pressure measurements and fluid samples where they were not previously possible due to reservoir conditions. “Customers expect Schlumberger to be able to fully …