The agreement, which expires on 31 December 2015, defines pricing method and minimum work volumes for exploration and production drilling in Russia.
Lukoil is Eurasia’s largest customer. Its contracts amount to 57% of the total metres drilled by the company last year.
Eurasia added that the new contract provides more flexibility for the driller regarding fleet deployment and contract structures.
The company also said revenues increased by 17% last year to more than $3.2
