Greka Drilling provides Indian update

Greka Drilling Limited has announced that further progress has been made following mobilisation orders from Essar Oil Ltd in relation to the US$ 65 million contract for 100 wells to be drilled in the Raniganj East Block in Durgapur, West Bengal.

Five GD75 rigs that were mobilised from the company’s existing fleet in China and arrived in India mid-August are currently being prepared for drilling at designated well sites. Two of the rigs are at present now fully erected and will begin drilling in the near future. The remaining three rigs are still mobilising to their respective pre-prepared drill sites. The first wells will be spud in mid-September, commencing the 100 well programme for Essar Oil.

Greka Drilling has already opened offices and other support facilities in Durgapur and the company is in the final phase of technical and HSE training of all local employees in Durgapur. The local teams are being led by experienced Greka Drilling personnel to ensure safe and successful execution.

The drilling campaign is expected to last approximately 12 months.

Randeep S. Grewal, Chairman, commented: “We are delighted to announce that the Essar Oil project is on track for spudding this month. This contract is important for Greka Drilling as it confirms our intention to diversify the company’s client base, geographical strata and drilling operations. It is also worth noting that this contract gives us an excellent foundation to further expand our services into the highly prospective and scalable Indian unconventional gas market.”

Adapted from press release by Katie Woodward

Read the article online at: https://www.oilfieldtechnology.com/drilling-and-production/03092014/greka-drilling-india-programme-update-1385/