Today Leonid Fedoun, Vice-President of OAO LUKOIL, and Martin Hansen, CFO of Eurasia Drilling Company Limited (EDC) signed a sale and purchase agreement in respect of LUKOIL’s 100% stake in the charter capital of OOO LUKOIL-Bureniye. The transaction is subject to customary closing conditions and the receipt of required consents and approvals and is expected to close prior to the end of this year.