Rig Contract Award in India

Source: www.gulfoilandgas.com 2/15/2016, Location: Asia

Greka Drilling Limited (GDL), the largest independent and specialised unconventional oil & gas driller in Asia, is pleased to announce a new contract to provide drilling services to Essar Oil Limited ("Essar") on the Raniganj East Block in West Bengal, India.

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 mobilised, Greka Drilling will provide two of its high quality semi-automated GD75 rigs, that are already situated within country, to drill vertical and directional wells on a day-rate basis (rather than other current contracts where the Company is paid on a metres drilled basis) for the development of Essar’s Raniganj East coal bed methane block. The contract is for a period of one year and has an estimated value of around US$8 million. The commencement of drilling operations remains subject to the completion of pre-mobilisation requirements which are currently expected to be complete by end of this quarter.

Essar is a leading producer of coal bed methane in India whose Government has recently reiterated its commitment to developing the country’s domestic natural gas resources as a clean fuel.

Randeep S. Grewal, Chairman of Greka Drilling, commented: "The decision by Essar to re-contract Greka Drilling for the Raniganj East project is affirmation of the quality of our technologically advanced GD75 rigs and experienced crews in India. While we still expect relatively limited activity in H1 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 mobilisation 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.”


Singapore >>  8/5/2022 - Keppel Corporation Limited (“KCL”) refers to:
a. the media release dated 3 March 2014 with respect to Keppel FELS Limited (“Keppel FELS”), a who...

Nigeria >>  8/4/2022 - Borr Drilling Limited has received a binding Letter of Intent (“LOI”) for the premium jack-up drilling rig “Prospector 5” from an undisclosed operator...

United Arab Emirates >>  8/4/2022 - Abu Dhabi National Oil Company (ADNOC) announced today two contracts totalling more than $3.4 billion (AED12.6 billion) have been awarded to ADNOC Dri...
United States >>  8/1/2022 - Transocean Ltd. announced that the ultra-deepwater drillship, Deepwater Conqueror, has been awarded a two-year contract by a major operator for work i...

United Kingdom >>  7/29/2022 - Stena Drilling are pleased to announce that a new contract has been signed with Shell UK Ltd. for the mobile offshore drilling unit (MODU), Stena Don...
India >>  7/28/2022 - Shelf Drilling has received an award for a three-year contract for the C.E. Thornton jack-up rig with Oil and Natural Gas Corporation (ONGC) for opera...

Related Categories: General  Rig Equipment  Rig Operators  Rigs, Coring & Exploration 

Related Articles: General  Rig Equipment  Rig Operators  Rigs, Coring & Exploration 


Gulf Oil and Gas
Copyright © 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.