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March 29, 2015 7:51 PM ET

Energy Equipment and Services

Company Overview of Eurasia Drilling Company

Company Overview

Eurasia Drilling Company Limited provides exploratory and developmental drilling, and oil and gas field services to companies operating within the Russian Federation, Iraq, and the Caspian Sea region. The company operates in two segments, On-shore Drilling Services and Off-shore Drilling Services. The On-shore Drilling Services segment includes the construction of production, exploration, and appraisal oil and gas wells, as well as other wells comprising vertical, deviated, and horizontal wells. This segment also provides workover services, including sidetracking. The Off-shore Drilling Services segment constructs oil and gas exploration and production wells in waters with depths of approxim...

No. 53, Mykonos Court

Aristide Charalambous 2

Nicosia,  1077

Cyprus

Key Executives for Eurasia Drilling Company

Eurasia Drilling Company does not have any Key Executives recorded.

Eurasia Drilling Company Key Developments

Lukoil CEO May Sell 3% in Eurasia Drilling

A fund managing assets of Vagit Alekperov, Chief Executive Officer of Open Joint Stock Company Oil company LUKOIL (MICEX:LKOH) may sell about 3% stake in Eurasia Drilling Company (LSE:EDCL) if it receives a good proposal, Alekperov, said. "They will sell if the price is attractive," Alekperov said.

Eurasia Drilling Company, Special/Extraordinary Shareholders Meeting, Feb 16, 2015

Eurasia Drilling Company, Special/Extraordinary Shareholders Meeting, Feb 16, 2015., at 12:00 GMT Standard Time. Location: Vinson & Elkins RLLP. Agenda: To consider and vote the company be authorized to merge with EDC Acquisition Company Limited.

SLB Seeks To Acquire 45.65% Stake In EDCL

Schlumberger Limited (NYSE:SLB) will acquire 45.65% stake in its Eurasia Drilling Company (LSE:EDCL), the US company announced. Schlumberger said it would pay $22 per share, bringing the total cost of the acquisition to approximately $1.7 billion, and there is a call option for Schlumberger to buy out the company entirely within three years.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
January 20, 2015
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Buyback
September 24, 2014
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