EDC Announces Dividend of USD 0.92 per Share
OREANDA-NEWS. Eurasia Drilling Company Limited (“EDC” or the “Company” - LSE: EDCL), the leading onshore & offshore drilling service provider in the CIS, announced today that it will pay a dividend on January 17, 2014 of USD 0.92 per share (FY2012: USD 0.70) to shareholders of record as of December 31, 2013. The dividend was declared by the Board of Directors of EDC on December 10, 2013.
EDC is the largest provider of onshore drilling services in Russia, as measured by the number of metres drilled, providing onshore integrated well construction services and workover services. The Company also provides offshore drilling services in the Caspian Sea and is the largest provider of such services in the sectors where it operates based on the number of jack-up drilling rigs. The Company offers its onshore integrated well construction services and workover services to local and international oil and gas companies primarily in Russia and its offshore drilling services to Russian and international oil and gas companies in the Russian, Kazakh and Turkmen sectors of the Caspian Sea. In addition, the Company provides onshore drilling services in Iraq. The Company is traded on the London Stock Exchange under the symbol “EDCL”.