3 Mar 2015 15:00

Eurasia Drilling may receive orders worth $861 mln from Lukoil in 2015

MOSCOW. March 3 (Interfax) - Oilfield services group Eurasia Drilling Company (EDC) may receive orders for $861 million in services from Lukoil in 2015, the oil major said in its consolidated financial report for 2014.

Lukoil has signed a three-year agreement with EDC on drilling services in 2013-2015.

"The volume of these services is based on the Group's capital construction program, which is re-evaluated on an annual basis. As of December 31, 2014, the amount of capital commitment under this agreement for 2015 is evaluated as $861 million," Lukoil said.

Lukoil is Eurasia Drilling's biggest client, accounting for 69% of the order portfolio in 2014 for BKE LLC , Eurasia Drilling's core asset.