KYIV, Nov 8 – Ukrgazvydobuvannia, the state natural gas producer, will buy five drilling rigs a total of $29.84 million Shandong Kerui Petroleum Equipment and RG Petro-Machinery Group of China, the company reported.

The cost of the contract with Shandong for two rigs with a loading capacity of 320 tonnes was $18.49 million and with RG Petro-Machinery for two mobile drilling rigs with a capacity of 225 tonnes and one rig with a capacity of 180 tonnes - $11.35 million.

Ukrgazvydobuvannia said the suppliers of the rigs were selected at reverse two-stage auctions.