Reuters: Russia to outstrip U.S. in horizontal drilling-Eurasia

The use of horizontal drilling will grow faster in Russia than in the United States, where it is helping to drive a boom in shale oil and gas, the chief executive of Russia's biggest driller, Eurasia Drilling said.

"Growth in the U.S. will not be so huge as the growth of horizontal drilling in Russia," Alexander Djaparidze, who helped found the company in a buyout of No.2 oil producer LUKOIL's drilling assets, said in an interview.

This year it has told investors it will increase, in line with overall drilling volumes, at about a rate of 15 percent.  MORE