Key Energy Services Expands to Eastern Hemisphere

August 29, 2008 Filed Under: Oil and Gas  

Key Energy Services, Inc. announced that it has agreed to invest approximately $35 million in Geostream Services Group (“Geostream”) in exchange for a fifty percent (50%) equity interest in the company. Geostream, which is headquartered in Moscow, provides drilling and workover services and sub-surface engineering and modeling in the Russian Federation. Key also has the right to purchase... 

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