Eurasia Drilling lets $65 million rig contract

Sept. 13, 2006
Abbot Group PLC's land rig design engineering and fabrication subsidiary Bentec has been awarded a $65 million contract by Eurasia Drilling, formerly the drilling subsidiary of OAO Lukoil, for four 250-tonne, fast-moving hybrid rigs, derived from Bentec's original HR5000 design.

By OGJ editors
HOUSTON, Sept. 13 -- Abbot Group PLC's land rig design engineering and fabrication subsidiary Bentec has been awarded a $65 million contract by Eurasia Drilling, formerly the drilling subsidiary of OAO Lukoil, for four 250-tonne, fast-moving hybrid rigs, derived from Bentec's original HR5000 design.

Work is to start immediately, with the first rig slated for delivery in 12 months. The other three rigs are planned for delivery by yearend 2007.

This latest contract brings to $200 million Bentec's order intake so far this year and to ten its number of rigs under construction (OGJ, Aug. 14, 2006, p. 39).