Putin praises Army-2017 international military forumMilitary & Defense August 22, 14:15
Belarus invites Ukraine and NATO to monitor West-2017 military drillsMilitary & Defense August 22, 13:55
Russia may develop seven-tonne remote-controlled convertiplaneMilitary & Defense August 22, 13:53
Deliveries of Mi-28NM helicopters may start in 2018Military & Defense August 22, 13:39
Press review: US Embassy's seismic visa shift and Iraq mops up Islamic StatePress Review August 22, 13:00
Russia to grant $700 mln loan to BelarusBusiness & Economy August 22, 12:58
Russia’s Aerospace Force to get eight Mi-28UB helicopters by year-endMilitary & Defense August 22, 12:44
Ka-52 helicopter to be armed with new defense systemMilitary & Defense August 22, 12:00
Rostov-on-Don inferno claims life of one victimSociety & Culture August 22, 11:41
MOSCOW, August 14. /TASS/. Rosneft is acquiring the Russian subsidiary of Canadian Trican Well Service, the Russian oil major said on Friday.
The parties signed a framework agreement and related agreements on Rosneft’s acquisition of 100% participation interest in OOO Trican Well Service, the provider of high technology injection systems’ services for the purpose of production enhancement during development of conventional oil and gas resources.
The buyer has already obtained required permits of the Russian antimonopoly regulator. The parties plan to close the deal on August 20, 2015, according to terms of earlier executed agreements.
"Acquisition of an oilfield services asset from Trican Well Service Ltd will materially influence on distribution of roles of key players on the oilfield services market owing to access to advance technology solutions in the field of production enhancement, well completion and downhole treatment during development of conventional oil and gas resources," Rosneft said.
Trican Well Service Ltd is an international oilfield service company headquartered in Alberta, Canada.