MOSCOW Jan 23 Eurasia Drilling
expects its volumes of horizontal drilling, key to Russia's
ability to tap increasingly tight oil reserves and sustain
output, to increase by as much as 50 percent in 2013 after a
small decline in 2012, its CFO said.
"It stayed basically flat in 2012," Richard Anderson said by
telephone after Russia's largest driller issued a trading update
showing 26.6 percent growth in total drilling but a 1.9 percent
decline in horizontal drilling.
"Clients said they wanted to sit back and assess the results
of the horizontal drilling they had done in 2011. In 2013 they
plan to do considerably more horizontal drilling."