UGV has signed two contracts with Crosco, each for the drilling of six wells at EMSCO-605 land rig in Egypt and R-67 land rig in Iraq, the Ukrainian company said in a statement on Tuesday.
The start of drilling works is scheduled for the third quarter of 2017, with Crosco planning to drill four wells annually, UGV noted.
Zagreb-based Crosco is an integrated onshore and offshore drilling and well services contractor. It is part of Croatian oil and gas company INA.