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RUSSIAN FEDERATION : Technics Oil & Gas secures 2 contracts for $10.1m
Publish Date : 04-Jan-2012
Technics Oil and Gas Limited on Tuesday announced that it has secured two contracts worth a total of $10.1 million.
The first contract will see the mainboard-listed company supply a super structure for jack-up rig, \'Murmanskaya\' which belongs to \'Arktikmorheftegasrazvedka (Amngr)\', in the Russia Federation.
The second involves the manufacture and supply of well testing equipment for a Chinese end-user.
These contracts are expected to have positive material impact on the earnings per share for the financial year ending September 2012.
