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Eurasia Drilling received no offer to buy company — top manager

October 14, 2015, 17:18 UTC+3 MOSCOW

Analysts said that Russian oil companies may become investors of the service company

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© AP Photo/Hasan Jamali

MOSCOW, 14 October. / TASS /. Eurasia Drilling Company /EDC/ has not received offers regarding the company’s purchase, Alexander Shokhin, member of EDC board of directors told reporters on Wednesday.

"So far there aren’t any new people who are interested buying Eurasia Drilling," he said.

According to him, the Schlumberger company, which failed to acquire EDC, "will continue to work in the Russian market."

Earlier, Natural Resources and Environmental Protection Minister Sergey Donskoy said that Eurasia Drilling was looking for new investors who could enter the company’s capital.

Analysts said that Russian oil companies may become investors of the service company.

The heads of Rosneft and Gazprom Neft said on Tuesday that they had not discussed the purchase of the company.

Currently, EDC plans to hold a share buyback at a price of $11.75 per share for the further sale of the consolidated package. The decision on the buyback was made after the failure of a deal with Schlumberger, which was going to buy 46% of the service company.

The deal was hampered by the Russian authorities. Amid the sanctions they objected the participation of foreigners in the capital of the Russian service company. According to them, it could threaten the industrial and economic security.

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