NewTech Services wins Gazprom contract to build wells on Sakhalin shelf for $414 mln
MOSCOW. Feb 6 (Interfax) - Oilfield services company NewTech Services LLC has won a contract to provide Gazprom technological services on construction of six wells on the Sakhalin shelf in 2015-2017.
NewTech Services, the only participant in the competition, offered to perform the work for $413.6 million (including VAT).
The tender was divided into six lots: on construction of wells 6 and 7 at the Yuzhno-Kirinskoye field and of four more wells using the Doo Sung and Songa Venus semisubmersible platforms, located on Sakhalin's northeastern shelf, in 2016-2017.
NewTech Services is an oilfield services company specializing in production of boring heads, downhole screw motors and telemetric systems, as well as well construction and repair and various forms of drilling.
NewTech Services has operations in Russia and the rest of the former Soviet Union, Vietnam and the U.S.
NewTech Services posted a net profit of nearly 273 million rubles in 2013 on revenue totaling just under 3.7 billion rubles, according to the SPARK-Interfax database.
The company is owned by Cyprus-registered NewTech Services Holdings. Gazprombank purchased an undisclosed number of shares in 2012.
