OREANDA-NEWS. Eurasia Drilling Company Limited (“EDC” or the “Company” - LSE: EDCL), the leading onshore & offshore drilling service provider in the CIS, reported its operations statistics for two months ended February 28, 2014.

Drilling output for the two months ended February 28, 2014 amounted to 347 thousand metres vs. 416 thousand metres in the corresponding period of 2013, a 16% decrease. The decrease in total metres drilled was due to colder weather conditions in 2014 relative to the prior year mitigated by a 51% increase in horizontal metres drilled period-over-period. There was also a 20% increase in rig moving crews due to a higher number of long-distance rig movements between projects.

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”.