Three Eurasia jackups active in Caspian Sea

Offshore staff

MOSCOWEurasia Drilling Co. (EDC) has issued a review of its operations in the Caspian Sea during the first half of this year.

The jackup Astra drilled a well for N Operating Co. in the Kazakh sector, followed by a well for Lukoil in the Russian zone.

In the Turkmen sector, the jackup Saturn drilled two wells for Petronas Carigali, while the Neptune jackup drilled three wells for Dragon Oil on the Cheleken Contract Area.

A fourth newbuild jackup, Mercury, mobilized to Turkmen waters where it is awaiting certification and license to drill/permits, currently delayed by alterations to clients’ drilling plans.

In addition, EDC drilled and completed three wells on Lukoil’s Yuri Korchagin field platform in the Russian sector.

Early this year EDC agreed a merger plan that would give Schlumberger a 46.65% stake in the company, with the option to purchase the remainder within five years of closing the deal.

However, the proposal is pending approval from the Russian Federal Anti-monopolies Service and the Commission for the Monitoring of Foreign Investment in Russia.



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