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United States and European Union sanctions do not affect the production program of PNG Drilling Company

15.08.2014

After careful study of the list of sanctions imposed the United States and European Union against certain sectors of the Russian economy, PNG Drilling Company has come to the conclusion that they should not affect its development and capital investments program amounted to app. 70 million usd.

Currently , PNG Drilling Company has been providing drilling services to LUKOIL Oil Company Group at the traditional oil and gas fields and does not participate in Arctic oil exploration and production, or shale oil and gas projects in Russia.

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