Rosneft claimed that the acquisition is a crucial aspect for re-equipment of the company’s fleet of drilling units and implementation of the policy of the group for internal service share increase.

With drilling operations subject to maximum pricing efficiency, acquisition of Orenburg Drilling will provide most important regions of the company’s activities.

Rosneft first vice president Eric Liron said the Orenburg Drilling fleet of drilling units is one of the most modern in terms of technology and average age of the drilling units.

"As a result of the transaction, Rosneft’s internal service share will increase enough to considerably improve efficiency of drilling projects implementation at the Company’s greenfields and brownfields, in particular by means of cost control at each stage of wells construction," Liron added.