RUSSIAN RIG TO DRILL WILDCATS IN PERU UNDER NOVEL DEAL

A Russian drilling rio, will work in Peru for a private Peruvian firm under a novel arrangement. Petro Andes Exploracion-Produccion SA, Lima, let contract to Sojuzkarta, Moscow, for a Russian drilling rig, related equipment, and technicians to drill wildcats in Peru. The contract covers a BU 2500 DGU rig rated to 2,500 m supplied by Volgograd Drilling Equipment Factory, Volgograd, plus logging, cementing, and towing equipment, all to be delivered from St. Petersburg to Matarani, Peru, in late