EDC Buys Two Onshore Drilling Rigs in Iraq

Source: Reuters 7/24/2012, Location: Middle East

Eurasia Drilling Company Limited, the leading onshore and offshore drilling service provider in the CIS, announces that it has acquired two onshore drilling rigs in Iraq, with a commitment to purchase a third. All three rigs are currently under contract or being tendered to international customers. To ensure uninterrupted operations, EDC intends to retain the existing management and operational staff and support facilities.

Dr. Alexander Djaparidze, EDC's Chief Executive Officer, commented, "This acquisition is a strategic breakthrough for EDC as it marks our first move outside of Russia and the CIS and is an important step toward our goal of becoming a truly global drilling contractor. By acquiring rigs in Iraq EDC now has a platform for growth in the expanding Iraqi and Middle Eastern oilfield services markets."


Denmark >>  9/23/2022 - Maersk Drilling has been awarded a contract with INEOS E&P A/S for the provisioning of the harsh-environment jack-up rig Maersk Resolve to drill two d...
Suriname >>  9/22/2022 - TotalEnergies E&P Suriname, Suriname Branch has exercised an option to add the drilling of one additional well in Block 58 offshore Suriname to the wo...

United Kingdom >>  9/22/2022 - Archer has secured a five year contract for the provision of platform drilling operations and maintenance services on seven installations with an oper...
United Kingdom >>  9/22/2022 - Longboat Energy, the emerging full-cycle North Sea E&P company, is pleased to announce that a rig contract has been signed for the drilling of the Vel...

Gabon >>  9/16/2022 - Stena Drilling are pleased to announce that we have signed a new contract with CNOOC Africa holding Ltd (CNOOC) for Mobile Offshore Drilling Unit (MOD...
Netherlands/Holland >>  9/15/2022 - Maersk Drilling and Petrogas E&P Netherlands B.V. have agreed to an amendment of the previously entered contract for the provisioning of the harsh-env...

Related Categories: General  Rig Equipment  Rig Operators  Rigs, Coring & Exploration 

Related Articles: General  Rig Equipment  Rig Operators  Rigs, Coring & Exploration 


Gulf Oil and Gas
Copyright 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.