Eurasia Drilling Company Limited

Eurasia Drilling Company is Russia’s largest independent provider of onshore drilling services by number of meters drilled. The company also provides offshore drilling services in the Caspian Sea. Boasting a market cap of almost $5 bln, the company is the undisputed leader in the Russian public oilfield services space. Eurasia Drilling Company’s share price was the best performer in the sector in 2010 after having been significantly undervalued in the first half of the year. The company is majority owned by Alexander Djaparidze (42.5%) and Alexander Putilov (24.5%).