RRS Range Resources Limited

By Oliver Griffin

Shares in Range Resources Ltd. (RRS.AU) soared on Wednesday after the company said that its Range Resources Drilling Services Limited subsidiary has been awarded a contract with Royal Dutch Shell PLC's (RDSB.LN) Shell Trinidad Central Block Limited subsidiary.

The oil services company said that the contract--for an undisclosed sum--initially consists of a one-well workover at Shell's operations onshore Trinidad.

Range Resources Ltd. said that a rig is on location, adding that operations started on March 19 and are expected to last 10 days.

The company's London-listed shares at 0813 GMT were up 29%, or 0.05 pence, at 0.23 pence, having risen to 0.29 pence earlier in the session.

Write to Oliver Griffin at oliver.griffin@dowjones.com

(END) Dow Jones Newswires

March 21, 2018 04:37 ET (08:37 GMT)

Range Resources (ASX:RRS)
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Range Resources (ASX:RRS)
Gráfica de Acción Histórica
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