News and Press Releases

2 July 2012

OJSC VTB Leasing signed a trilateral LOI

On May 28, 2012 a trilateral letter of intent (LOI) was signed during the Neftegaz 2012 international exhibition held at the Central Exhibition Complex “Expocenter” in Moscow. The LOI was signed between OOO “Uralmash Neftegazovoe Oborudovanie Holding”, OJSC VTB Leasing and OOO “Orenburgskaya burovaya kompaniya” (Orenburg Drilling Company).

According to the signed LOI in the near-term future the parties intend to sign a contract for delivery and subsequent leasing of two drilling rigs produced in 2012. Total value of the equipment exceeds 1 billion rubles.

For further information:

OJSC VTB Leasing was established in 2002. It is Russia’s largest leasing company offering a broad range of services across the whole territory of Russia and in other countries. The main areas of activity of VTB Leasing include large- and medium-sized transactions in rolling stock leasing, aircraft leasing, specialized machinery and equipment leasing – as well as leasing of drilling, production and exploration equipment.

“Uralmash Neftegazovoe Oborudovanie Holding” (Uralmash NGO Holding) is Russia’s leading manufacturer of drilling equipment. It combines the design and production capabilities of MK Uralmash and UCP Group of companies in the field of drilling equipment. The main objective of the holding company is to fully meet Russian oil and gas industry’s demand (both current and future) for drilling equipment. To achieve this objective the holding company consolidates capabilities of its member companies.

The holding company has accumulated a significant order portfolio that is constantly augmented with new orders. A majority of orders the company receives are for design and production of new models of drilling rigs having new design and functionality.

OOO “Orenburgskaya burovaya kompaniya” is one of the largest and confidently developing companies of the Volga federal district. It provides its customers – oil companies - with a full cycle of services in well drilling, well maintenance and capital repairs (well workovers). The company’s operational processes include derrick installation jobs, well drilling operations, side-tracking (drilling of new directional or horizontal boreholes from an existing one), drilling bit technology services and support, drilling mud technology services and support, development of well pads, preparatory earthwork and reclamation of former well sites – as well as drilling of water-production wells.

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