Deals
Eurasia to Buy Slavneft Assets for $150 Million in Expansion
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Eurasia Drilling Co., a London-listed oilfield services company, agreed to buy drilling assets from TNK-BP and OAO Gazprom Neft’s OAO Slavneft unit for $150 million to increase its share of the Russian market.
Eurasia plans to close the transaction with Moscow-based Slavneft by the middle of the year, the drilling company said today in a regulatory filing. It has also begun talks on a contract to provide Slavneft with five years of services, according to the statement.