Greka Drilling announces mobilisation of rigs in India
Greka Drilling Limited (AIM: GDL), the largest independent and specialised unconventional oil & gas driller in Asia, provided an update on the contract to provide drilling services to Essar Oil Limited (‘Essar’) in India.
The award of this contract was announced by the Company on 15 February 2016.
Essar has issued the mobilisation order in accordance to the contract and pursuant to which the Company has initiated mobilisation of two drilling rigs. Greka Drilling expects to commence drilling operations in May 2016. Essar is the largest producer of coal bed methane (‘CBM’) in India, principally from the Raniganj East Block in West Bengal, which is the contract area for Greka Drilling.
Source: Greka Drilling Limited
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