Russia's Eurasia Drilling says receives buyout offer

(Adds details, background)

MOSCOW, Oct (HKSE: 3366-OL.HK - news) 8 (Reuters) - Russian oil industry services company Eurasia Drilling said on Thursday it had received an offer from its managers and certain shareholders to take the company private, after an investment deal with U.S (Other OTC: UBGXF - news) . group Schlumberger (LSE: 0CT7.L - news) fell through.

London-listed shares in Eurasia, which is 31 percent-owned by Chief Executive Alexander Djaparidze, fell more than 8 percent to the offer value of $10, giving it a market value of $1.6 billion, according to Reuters data.

"The board ... received the merger proposal from certain management and core shareholders this morning which included an offer consideration of $10 per share," Eurasia said in a statement.

"Following the failure of the proposed transaction with Schlumberger, certain management and core shareholders seek to undertake significant rationalisation of the business that would best be achieved by taking the company private."

Schlumberger aimed to buy a 45.65 percent stake in Eurasia for about $1.7 billion, potentially paving the way for it to become the sole owner of Russia's most active oilfield services company. But the deal faced questions from Russia's anti-monopoly body.

Schlumberger then said last month it had decided not to extend the pending agreement, after a number of postponements already.

A source familiar with the situation said that Djaparidze and businessman Alexander Putilov who owns a 22.7 percent stake, were among the shareholders who wanted to take private Russia's biggest onshore and offshore drilling and well services contractor.

The source added that Eurasia could become private already by year-end after certain corporate procedures are met and that its shareholders intended to keep it privately-owned. (Reporting by Katya Golubkova; Editing by David Holmes and Greg Mahlich)