Lukoil Sells Astra to Eurasia Drilling Company

Lukoil has sold its 100% share in LUKOIL Shelf Limited and LUKOIL Overseas Orient Limited which owned and operated the Astra jackup to OOO Eurasia Drilling Company.

Transaction price was US$40.3 million.

The Astra is designed for offshore field exploration in the Caspian Sea, and represents a 3-pole platform with the mount height of 66 meters, which can be used to drill water in depths up to 45 meters and well depths of 5,000 meters.

The sale of the Astra is made in the framework of selling non-core assets by the Lukoil Group.

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