NADL will get its hands on around 150 land rigs and has also been awarded by Rosneft new five-year charter contracts for all the units into the bargain, giving the company a dominant foothold in the Russian onshore drilling scene.
Rosneft will receive as consideration a stake of about 30% in NADL based on a price of $9.25 per share, with the balance to be paid to NADL in cash, in line with a strategic pact agreed by the pair earlier this year.
