Photo : ctkeuro.ru
the World's largest oilfield services company of Schlumberger Ltd buys a controlling stake of the Russian boring contractor of Eurasia Drilling (EDC). As declared in the press service of the service giant, he is going to get a 51 percent share.
In this regard Alexander Dzhaparidze, the director general of EDC, declared: "I hotly welcome Schlumberger Ltd as our majority shareholder. The present transaction is based on our strategic partnership from Schlumberger Ltd which proceeds since 2011".
we Will remind, in June of Eurasia Drilling declared that coordinated the main conditions for in the company from the consortium consisting of Russian Direct Investment Fund (RDIF), Investment fund of "Russia-China" and a number of Middle Eastern co-investors. The company intends to conclude the agreement with consortium in the near future, the combination of technological development and expert knowledge of Schlumberger Ltd in combination with the financial capacity of investment funds declared in EDC.<"10>"
"Give considerable advantages to our clients and the Russian market of traditional land drilling", – emphasized Alexander Dzhaparidze.
Signed between Schlumberger Ltd and Eurasia Drilling the agreement has to be still approved by Federal Antimonopoly Service, reports a resource to Offshore Energy Today . Meanwhile, it is worth noticing that Schlumberger Ltd earlier already unsuccessfully tried to get a share in the Russian boring contractor.
In January, 2015 of Schlumberger Ltd reported that agreed about acquisition of 45,65% of the stocks Eurasia Drilling for 1,7 billion dollars. Federal Antimonopoly Service, having studied documents, came to a conclusion that from the antimonopoly point of view of coordination it is not required, however the transaction has to be approved by the governmental Commission on foreign .
Then on behalf of the Russian authorities of the American company a number of conditions on which she agreed was delivered to. Nevertheless, the date of coordination of the transaction was postponed four times – last time for the end of September. As a result, on September 30 that year expired a deadline of conclusion of agreement between EDC and Schlumberger Ltd and the parties refused merge. : ///