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2014-07-31 18:10:00

SANCTIONS: ROSNEFT & NORTH ATLANTIC DRILLING EXPAND

САНКЦИИ: РОСНЕФТЬ &  NORTH ATLANTIC DRILLING РАСШИРЯЮТ

Rosneft and North Atlantic Drilling Ltd. have entered into long-term offshore drilling contracts. The transaction contemplates employment of six offshore drilling rigs until 2022 with the purpose of carrying out Rosneft offshore projects, including harsh environment.

After the signing, Igor Sechin stated: "Entering into long-term offshore drilling agreements will allow Rosneft to ensure implementation of exploration and development of its harsh environment offshore license areas."

Alf Ragnar Lovdal, Chief Executive Officer of NADL says in a comment, "We are very pleased with the execution of these contracts, which is in line with the timetable agreed earlier this year. Our partner Rosneft has shown remarkable cooperation at every stage throughout this process. This milestone is testament to the ability of both NADL and Rosneft's employees and we hope that further transactions can be concluded in a similar manner."

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NADL is an offshore harsh environment drilling company with the focus on the North Atlantic basin. The company has nine drilling units in the fleet, including five semi-submersibles, a drillship, and three jack-up rigs. Seadrill Limited currently owns 70% of the outstanding shares and the company is listed on the NYSE and Norwegian OTC with a market capitalization of approximately US$2.3 billion.

rosneft.com

Tags: САНКЦИИ, РОСНЕФТЬ, SANCTIONS, ROSNEFT, SEADRILL, OFFSHORE, DRILLING

Chronicle:

САНКЦИИ: РОСНЕФТЬ &  NORTH ATLANTIC DRILLING РАСШИРЯЮТ
2018, July, 16, 10:35:00

CHINA'S INVESTMENT FOR NIGERIA: $14+3 BLN

AN - China National Offshore Oil Corp. (CNOOC) is willing to invest $3 billion in its existing oil and gas operation in Nigeria, the Nigerian National Petroleum Corporation (NNPC) said on Sunday following a meeting with the Chinese in Abuja.

САНКЦИИ: РОСНЕФТЬ &  NORTH ATLANTIC DRILLING РАСШИРЯЮТ
2018, July, 16, 10:30:00

LIBYA'S OIL DOWN 160 TBD

REUTERS - Production at Libya’s giant Sharara oil field was expected to fall by at least 160,000 barrels per day (bpd) on Saturday after two staff were abducted in an attack by an unknown group, the National Oil Corporation (NOC) said.

САНКЦИИ: РОСНЕФТЬ &  NORTH ATLANTIC DRILLING РАСШИРЯЮТ
2018, July, 16, 10:25:00

BAHRAIN'S GDP UP 3.2%

IMF - Output grew by 3.8 percent in 2017, underpinned by a resilient non-hydrocarbon sector, with robust implementation of GCC-funded projects as well as strong activity in the financial, hospitality, and education sectors. The banking system remains stable with large capital buffers. Growth is projected to decelerate over the medium term.

САНКЦИИ: РОСНЕФТЬ &  NORTH ATLANTIC DRILLING РАСШИРЯЮТ
2018, July, 16, 10:20:00

NIGERIA'S GDP UP 2%

IMF - Higher oil prices and short-term portfolio inflows have provided relief from external and fiscal pressures but the recovery remains challenging. Inflation declined to its lowest level in more than two years. Real GDP expanded by 2 percent in the first quarter of 2018 compared to the first quarter of last year. However, activity in the non-oil non-agricultural sector remains weak as lower purchasing power weighs on consumer demand and as credit risk continues to limit bank lending.

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