VTB Leasing paid some $450 million to buy the Chinese-made ZJ50DBS skid-mounted drilling rigs in 2007.
However, they were underused in 2008 and 2009 and about one-third of the fleet is currently idle.
Rosneft in land rig deal
RUSSIA’S state-controlled Rosneft is planning to buy 30 second-hand heavy land drilling rigs from a subsidiary of another state-run outfit, VTB, one of the country’s largest banks.
21 February 2014 0:00 GMT
Updated
21 February 2014 0:00 GMT
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