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     164  0 Kommentare ERIELL Group Provides 2019 Operational Update and Projections for 2020

    MOSCOW, March 31, 2020 /PRNewswire/ -- ERIELL ("the Company"), an international oilfield services group, provides an operational update for targets achieved in 2019 and projections for 2020.

    Operational highlights include:

    • Continued high-quality gas and oil field services to customers in Russia and Uzbekistan in both extreme cold and extreme heat conditions;
    • 2019: 350 wells and 1.37 million meters drilled, fleet (work-over rigs excepted) 108 rigs
    • 2020: 450 wells and 1.63 million meters expected to be drilled, fleet (work-over rigs excepted) 99 rigs
    • 15th anniversary – a period in which more than 8.8 million metres of rock have been drilled and more than 2,6 thousand wells constructed in the most difficult climatic and geological conditions for more than 45 contractors;
    • Intensive growth and new contracts in Russia and Uzbekistan; and
    • A strong market presence and competitive advantage in the gas sector which is generally less volatile than oil markets in current circumstances.

    Vitaly Dokunikhin, First Deputy Chairman of the Board of ERIELL Group and CEO of ERIELL Russia, said:

    "We are very pleased with our execution as a team in 2019 and expect a good performance in 2020.

    "We have a heavy involvement now in the gas sector where we have a competitive advantage and which experiences a bit less volatility than the oil sector.

    "To maintain our place among industry leaders, ERIELL continues to invest in technology and innovation. This allows us to provide services of equally high standards in extreme desert climates, mountainous regions and permafrost zones. Our reputation rests on experience and the high level of expertise of our staff and this gives us a competitive advantage to design and execute our projects efficiently and responsibly.

    "Whilst demand for our services is high in our home markets, we always remain open to new geographic opportunities such as the Middle East. We have good experience in Iraq and Bangladesh and when our capacity and the economics of projects align – we can move swiftly."

    In 2019 the Company continued to provide quality gas and oil field services to its contractors and worked successfully to high standards in various geographies and climate conditions. These conditions ranged from extreme cold in the Russian far north to extreme heat in Uzbekistan. Last year projects were mainly concentrated in two countries: Russia (in the Far North in the Gydan Peninsula and the Yamal Peninsula) and Uzbekistan.

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    ERIELL Group Provides 2019 Operational Update and Projections for 2020 MOSCOW, March 31, 2020 /PRNewswire/ - ERIELL ("the Company"), an international oilfield services group, provides an operational update for targets achieved in 2019 and projections for 2020. Operational highlights include: Continued high-quality gas …

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