Ukrgazvydobuvannia signs contracts with two Chinese companies to supply 5 drilling rigs for $30 mln

13:03, 08.11.2017 1 min read

Public joint-stock company Ukrgazvydobuvannia has signed contracts with Shandong Kerui Petroleum Equipment and RG Petro-Machinery Group (both from China) to supply five drilling rigs for $29.84 million, the press service of Ukrgazvydobuvannia has reported.

The cost of the contract with Shandong for two rigs with a loading capacity of 320 tonnes was $18.49 million and with RG Petro-Machinery for two mobile drilling rigs with a capacity of 225 tonnes and one rig with a capacity of 180 tonnes - $11.35 million.

The press service said that the suppliers of the rigs were selected at reverse two-stage auctions.

As reported, the company planned investment in drilling and purchase of new equipment in 2017 amounting to UAH 30 billion. In 2017, the company sought to drill about 100 new wells and repair 500 existing wells.