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12 Dec, 2007 10:53

TNK-BP gets hold of billion-worth contracts

TNK-BP has awarded $US 3 billion of long-term contracts for drilling and well repair services.

It will keep a third of the business in-house. The firm's own subsidiaries won tenders worth a billion dollars.

The deal is Russia's biggest long-term rig deal, with a term of three to five years.

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