Rosneft buying pressure-pumping company

A Rosneft Group subsidiary, RN Assets LLC, has agreed to buy 100% interest in the Russian pressure-pumping unit of Trican Well Service Ltd., Calgary, for $140 million.

A Rosneft Group subsidiary, RN Assets LLC, has agreed to buy 100% interest in the Russian pressure-pumping unit of Trican Well Service Ltd., Calgary, for $140 million.

Main work of the acquired firm, Trican Well Service LLC, is fracturing of conventional oil wells. The unit also provides coiled-tubing, cementing, and nitrogen services.

Trican said it is negotiating the sale of is Kazakhstan pressure-pumping business to Rosneft.

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