Greka Drilling will provide drilling services to Essar Oil, on the Raniganj East bock in West Bengal, India.
Valued at US$8 million, the contract is for a period of one year. Essar had previously engaged Greka Drilling in late 2013 to provide drilling services on Raniganj East and this contract was concluded in 2015 with a total of 16 wells being drilled.
Under the new contract, once mobilized, Greka Drilling will provide two of its semi-automated GD75 rigs that are already situated within country, to drill vertical and directional wells on a day rate basis for the development of Essar’s Raniganj East coal bed methane block.
The commencement of drilling operations remains subject to the completion of pre-mobilization requirements, which are currently expected to be complete by end of this quarter.
Randeep S. Grewal, chairman of Greka Drilling said, “While we still expect relatively limited activity in 1H 2016, we welcome the prospect of new drilling for Essar and further drilling for Green Dragon Gas during the course of the year.
“In China, 17 LiFaBriC wells remain to be drilled from last year’s order for Green Dragon Gas, although the timing of drilling will depend on customer mobilization instructions. We continue to be optimistic about the prospects for the unconventional gas industry in India and elsewhere and our long-term role in developing this vital domestic major resource as we concurrently continue to do in China.”
Image GD75 rig / Greka Drilling
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