Greka Drilling has announced that it has been awarded a new contract to provide drilling services on the Raniganj East Block in West Bengal, India by Essar Oil.
The contract is for a period of one year and has an estimated value of around $8m.
Under the new contract, Greka Drilling will provide two GD75 rigs 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-mobilisation requirements which are currently expected to be complete by end of this quarter.
“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,” said Randeep S. Grewal, chairman of Greka Drilling.
