BRIEF-Range Resources to sell Trinidad drilling services unit for $7.2 mln

martes 30 de diciembre de 2014 05:22 GYT

Dec 30 (Reuters) - Range Resources Ltd

* Forecasts indicate oil production could exceed 3,000 BOPD for Beach Marcelle waterflood project

* Board has determined that drilling business does not fit with strategy of E&P Company and time and resources will be best spent on efficiently running its upstream assets

* Has agreed to sell its drilling services company in Trinidad for $7.2 mln, proceeds will be invested primarily into development of core Trinidad asset Source text for Eikon: Further company coverage: