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PNG Drilling Company and PNG Drilling and Services Ltd statement regarding the sanctions imposed by EU and USA against Russia.

22.04.2016

Following the requests received PNG Drilling Company and PNG Drilling and Services Ltd assure the shareholders and investors that the activities of PNG Drilling Company, including the importation of the new mobile drilling rigs from Europe to Russia, do not infringe  the sanctions imposed by EU and US, against certain sectors of the Russian economy and against certain Russian companies, namely the European Regulation 960/2014 - Article 3 Bis, paragraph 4 stating that :"It shall be prohibited to provide, directly or indirectly, the following associated services necessary for deep water oil exploration and production, arctic oil exploration and production, or shale oil projects in Russia."
Currently  PNG Drilling Company continues to successfully provide drilling services at the exploration of traditional oil and gas deposits in Samara region of Russia for JSC “ Samaraneftegaz” and for the british publiс company in  Khanty–Mansiysk autonomous okrug – Ugra.

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