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New consortium to boost contruction of platforms

The two Russian companies Uralmash and Industrial Drilling Installations have jointly formed a new company which is to help boost the design, development and construction of oil platforms and rigs.

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Within few years, the joint company intends to construct up to 15 heavy drilling installations and up to 20 mobile drilling rigs per year, a press release from Uralmash informs.

The new rigs will be both for onshore and offshore drilling, the UralBiznesConsulting company reports. The first rigs produced will be bought by gas major Gazprom