Get traffic statistics, seo keyword opportunities, audience insights, and competitive analytics for eurasiadrilling. Oilfield services company schlumberger will acquire a 45. Were the largest provider of drilling services in russia, the worlds biggest oilproducing country. We have made our first international investment, establishing a presence in northern iraq. Dec 2016 light medium heavy 80125mt 160180mt 200225mt 250270mt 320335mt 400450mt totals. Russian marketthe russias oil and related drilling industries recent developments and trends. We offer our services to russian and international oil and gas companies in the russian, kazakh and turkmen sectors of the caspian sea. Schlumberger to acquire stake in eurasia drilling company. Image bankbrowse our image bank and download high res pictures suitable for digital and print media. Eurasia drilling company is provider of onshore drilling services in russia and the czech republic.
Russias largest oil driller eurasia drilling has formally delisted following a buyout by companys shareholders. See eurasia drilling companys revenue, employees, and funding info on owler, the worlds largest communitybased business insights platform. Sep 28, 2017 schlumberger, the worlds largest oil services company, in july agreed to buy 51 per cent of eurasia drilling company edc, in its second attempt in two years to take control of the biggest. What marketing strategies does eurasiadrilling use.
Eurasia drilling company limited disclaimer the materials contained herein the materials have been prepared by eurasia drilling company limited the company and its subsidiaries and associates the group solely for use at presentations in december 2012. The acquisition solidifies schlumbergers relationship with russias most active onshore drilling company in terms of the number of metres drilled. May 31, 2018 eurasia drilling company is a leading onshore and offshore drilling and well services contractor. We note that the latest deal is schlumbergers second attempt to invest in eurasia drilling. The worlds largest oilfield services provider schlumberger is buying a majority stake in the russian drilling contractor eurasia drilling. Bke shelf a subsidiary of eurasia drilling company edc has been awarded announced a three year drilling contract for operations in the cheleken contract area, offshore turkmenistan in the caspian sea with dragon oil.
Edc owns and operates one of the largest fleets of land drilling and workover units. Eurasia is currently the largest provider of onshore drilling services in russia. It owns and operates one of the largest fleets of land drilling and workover units in the world. Edc land drilling rigs by hook load and drive type. The global land drilling rig market is expected to grow at a cagr of over 3. An offshoot of lukoils inhouse drilling unit, eurasia and. Aug 20, 2012 3 bessemer street, duncanville, vereeniging tel. About us corporate overviewkey facts on edc and our growth story.
Schlumberger to buy majority stake in russian drilling firm. The news was revealed by both schlumberger and eurasia drilling on thursday. Were focused on drilling, onshore and offshore, and workover and sidetracking. Jan 20, 2015 oilfield services company schlumberger will acquire a 45. Ooo burovoya kompaniya eurasia bke is the largest onshore drilling contractor in russia. Eurasia drilling company secures three year caspian sea contract for newbuild jackups. Eurasia drilling company is a leading onshore and offshore drilling and well services contractor. Alexander putilov is a czech republic businessperson and coowns eurasia drilling company. In july 2012, edc acquired two onshore drilling rigs in northern iraq, adding 2. Adds details, quotes, context moscow, aug 16 reuters the acquisition of a 51 percent stake in russias eurasia drilling co edc by u.
It operates through two segments, onshore drilling services and offshore drilling services. Edc primarily provides services for lukoil, gazprom, rosneft and schlumberger in the russian, kazakh and turkmen sectors of the caspian sea. Where we operatethe geogpraphical spread of edcs operations. We are also the premier supplier of drilling services in the expanding caspian sea jackup market. Edcl, the leading onshore and offshore drilling service provider in the cis, today announces that its offshore jack up drilling rig, the saturn, previously trident xx achieved the major milestone of working continuously for five years without a lost time incident lti in.
Regulator concern over schlumberger russia oil deal. Eurasia drilling delists from stock market news for the oil. Edc owns 245 land drilling and sidetrack rigs and 392 land workover and well service rigs as of december 31, 2016. Oct 08, 2015 russian drilling contractor eurasia drilling company edc has received an offer for a potential merger with the intention to take the company private. Also, schlumberger can receive benefits from eurasia drillings operations that include over 650 offshore and onshore rigs. Ooo burovaya kompaniya eurasia one of the largest independent drilling companies of russia in terms of meters drilled and is engaged in drilling, construction, well services and workover of oil and gas wells of all purposes at the license areas of such companies as pao lukoil, pao nk rosneft, pao gazprom neft, pao ank bashneft, ao nk russneft and other oil and gas majors. Our fleet is technologically advanced and capable of drilling a wide range of oil and gas wells. Due to the increasing use of high horsepower and hitech rigs, and the increasing demand for the heavy rigs, the land rig market has evolved significantly in the recent years. Eurasia drilling moves to become private company wsj. Eurasia drilling company talks on bps using its rig off. In the quiz held by the ministry of industry and trade of the russian federation among 46 oilandgas companies in 2015, eurasia drilling company ltd. On 18 november 2015, eurasiadrilling company edcl was. As of per forbes list 2011, he is the 1,057th richest person in the world and 84th richest person in russia.
Aug 17, 2017 we note that the latest deal is schlumbergers second attempt to invest in eurasia drilling. Update 2schlumberger buys eurasia drilling stake in test of russiau. The deal on the acquisition of russias eurasia drilling company edc by usfrench oil services giant schlumberger has stalled due to the unpredictability of the us sanctions on russia, russian deputy prime minister arkady dvorkovich said friday. Schlumbergeredc deal delayed due to us sanctions russian. Eurasia drilling is a leading contractor of onshore and offshore drilling and well services.
Were trusted to deliver for our customers and shareholders. Land drilling rig market growth, trends, and forecast 2020. Edc is a leading onshore and offshore drilling and well services contractor. Our servicesonshore drilling, workover, sidetracking and offshore drilling. Update 25915 eurasia drilling company limited announces that schlumberger b.
Were growing our customer base, rig fleet and revenues while maintaining a strong balance sheet. Global offering of up to s shares in the form of global depositary receipts offer price range. Update 2schlumberger buys eurasia drilling stake in test of. Eurasia drilling company limited is a publicly traded retail company in russia. Acquires a minority equity interest in moscowbased eurasia drilling company limited, a leading onshore and offshore drilling and well services contractor that owns and operates one of the largest fleets of land drilling and workover units in the world schlumberger and ikon science sign a joint software development agreement. On 18 november 2015, eurasiadrilling company edcl was delisted from. In december 2004, eurasia drilling was formed after acquisition of onshore drilling business of lukoil.
We have a dominant position in the caspian sea jackup rig market. Eurasia drilling company competitors, revenue and employees. The bid by us oilfield services provider schlumberger to take over russias eurasia drilling company edc could fail because of the new american sanctions against the russian oil industry, according to deputy prime minister arkady dvorkovich. Edc rig fleet drilling and sidetrack list edc land drilling rigs by hook load and drive type. Schlumberger pulls out of eurasia drilling deal on.
Corporate news blog schlumberger acquires controlling. Schlumberger pulls out of eurasia drilling deal on obstacles. Eurasia drilling delists from stock market news for the. Operational statisticscurrent and historic wells and metres drilled. Also, schlumberger can receive benefits from eurasia drilling s operations that include over 650 offshore and onshore rigs. Eurasia drilling companys top competitors are superior energy, pkd and rockwater energy solutions. Alexander djaparidze, edcs chief executive officer said.
Edc owns and operates one of the largest fleets of land drilling and workover units in the world. Our services industry leader operations investor relations media centre rss feed contact us legal notice. It is one of the largest and the number one drilling company in russia based on meters drilled. Update 2schlumberger buys eurasia drilling stake in test. Schlumberger, the worlds largest oilfield service company, announced plans to buy 45. Us sanctions against russia could backfire on american. Schlumberger, the worlds largest oil services company, in july agreed to buy 51 per cent of eurasia drilling company edc, in its second attempt in two years to take control of the biggest. Jul 24, 2017 eurasia drilling is a leading contractor of onshore and offshore drilling and well services. Schlumberger is going to acquire a 51% stake in the drilling company. In 2006, eurasia drilling entered into offshore drilling business as well acquiring the offshore drilling business of lukoil. Eurasia drilling company limited edc or the company lse. In addition, we provide offshore drilling services in the caspian sea.