OREANDA-NEWS. Eurasia Drilling Company Limited ("EDC" or the "Company" - LSE: EDCL) the leading onshore & offshore drilling service provider in the CIS, announces today that it has signed a Framework Agreement ("Agreement") for rig manufacturing with Bentec, one of the leading manufacturers of drilling rigs and oilfield equipment worldwide. Based on the Agreement, Bentec will provide necessary expertise, technologies and equipment for rig manufacturing to the Company's minority owned drilling rig production facility located in Kaliningrad.

Dr. Alexander Djaparidze, EDC's Chief Executive Officer, commented,

"We are pleased to have signed a framework agreement with Bentec. It guarantees us the access to leading oil and gas drilling technologies to support our customers' demanding requirements. The rigs that we will manufacture with Bentec will be heavy designs, suitable for pad drilling and harsh environments."

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".