Aug 14 (Reuters) - Trican Well Service Ltd TCW.TO :
* Press release - Trican Well Service reaches agreement for sale of its Russian
pressure pumping business for cdn $181.6 m
* Says agreed purchase price for the disposition is US $140 million
* Says intends to apply the net proceeds from this transaction to reduce its
outstanding debt
* Entered into definitive agreement with rn assets llc for sale of trican's
Russian pressure pumping business to purchaser
* Will provide certain transitional services following closing of the
transaction
* Trican and rosneft are also continuing to negotiate for the sale of trican's
Kazakhstan pressure pumping business
* Says has recently terminated its operations in Australia and suspended its
operations in Colombia and Saudi Arabia
* Following closing of Russia and, if agreement is reached, Kazakhstan,
transactions, Trican will continue to operate in Canada, u.s.,norway
* Trican will continue to offer its completion solutions products and services
in Russia following the closing of the transaction
* Source text for Eikon ID:nCCNcc7clP
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