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2017-07-24 13:35:00

SCHLUMBERGER & EURASIA: 51%

SCHLUMBERGER & EURASIA: 51%

EDC - Eurasia Drilling Company Limited (the "Company") announces that its shareholders have today agreed to sell to Schlumberger 51% of the total issued share capital of the Company. The signed agreement is subject to the satisfaction of customary conditions, including approval by the Federal Antimonopoly Service of Russia.

The Company previously announced that it had agreed the principal terms for an investment in the Company by a consortium of the Russian Direct Investment Fund (RDIF), the Russia-Chinа Investment Fund (RCIF, created by RDIF and China Investment Corporation) and leading Middle Eastern co-investors. Work on this investment remains ongoing and the Company expects to enter into a definitive agreement in relation to it in the near future.

Dr. Alexander Djaparidze, EDC's Chief Executive Officer said:

"I warmly welcome Schlumberger as our majority shareholder. It builds on our strategic alliance with Schlumberger since 2011 and our mutually beneficial business relationship since 2007. The combination of the technology knowhow and operational expertise of Schlumberger coupled to the financial strength of the Investment Funds, brings significant benefits to our customers and the Russian conventional land drilling market."

The person responsible for arranging the release of this announcement on behalf of the Company is Dmitry Shokhin, General Counsel.

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Earlier: 

SCHLUMBERGER NET LOSS $1.7 BLN 

ROSNEFT - BP - SCHLUMBERGER COOPERATION 

SCHLUMBERGER & CAMERON MERGER 

SCHLUMBERGER CUTS 20,000 JOBS 

EURASIA DRILLING: $1.5 BLN 

SCHLUMBERGER & EURASIA KEY FINANCIALS 

RUSSIA STOP SCHLUMBERGER

 

 

Tags: SCHLUMBERGER, EURASIA, EDC,

Chronicle:

SCHLUMBERGER & EURASIA: 51%
October, 20, 12:10:00

NORWAY'S PRODUCTION DOWN 171 TBD

NPD - Preliminary production figures for September 2017 show an average daily production of 1 772 000 barrels of oil, NGL and condensate, which is a decrease of 171 000 barrels per day compared to August.

SCHLUMBERGER & EURASIA: 51%
October, 20, 12:05:00

ЦЕНА URALS: $ $55,55881

Средняя цена на нефть Urals за период мониторинга с 15 сентября по 14 октября 2017 года составила $55,55881 за баррель, или $405,6 за тонну.

SCHLUMBERGER & EURASIA: 51%
October, 18, 19:10:00

OIL PRICE: ABOVE $58

Brent crude futures, the international benchmark for oil prices, were at $58.16 at 0643 GMT, up 28 cents, or 0.5 percent from their last close - and almost a third above mid-year levels. U.S. West Texas Intermediate (WTI) crude futures were at $52.03 per barrel, up 15 cents, or 0.3 percent, and almost a quarter above mid-June levels.

SCHLUMBERGER & EURASIA: 51%
October, 18, 19:05:00

РОССИЯ: БОЛЬШЕ НЕФТИ И ГАЗА

Александр Новак отметил рост основных показателей всех отраслей энергетики в прошлом году: «Мы имеем рекордные показатели за прошлый год по добыче нефти, угля. Идёт рост добычи и экспорту газа, в том числе в Европу на уровне 15 процентов. По углю мы наблюдаем рост добычи даже больше уровня прошлого рекордного года. Также отмечается рост производства электроэнергии на 2%, что говорит об оживлении экономики».

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