RUSSIA: USC SAYS SUBSTITUTION OF EQUIPMENT IMPORTED FOR OFFSHORE OIL & GAS PROJECTS EXISTS ONLY ON PAPER

Russian shipyards have not secured a single order for construction of floating drilling rigs so far despite the measures undertaken for decreasing technological dependence on foreign partners, a number of Russian companies continue rent foreign rigs for geological exploration on the shelf, press center of USC (United Shipbuilding Corporation) cites Yevgeny Zagorodny, USC Vice-President for Civil Shipbuilding, as saying at the 3rd National Oil & Gas Forum and NEFTEGAZ 2016 Exhibition held on April 19-20, 2016 in Moscow

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