Greka Drilling has drilled the first of two directional wells for Essar Oil in Inda.
The work is being carried out in the Raniganj block, West Bengal.
Greka drilled a total of 2,439 meters over the course of 28 days. The Company is prepared to drill a third well under the contract, which is expected to spud shortly. Under the Essar contract, which is for a period of one year, Greka Drilling is remunerated on a day-rate basis for drilling vertical and directional wells.
Chief executive Randeep S. Grewal said: “We are delighted that the drilling campaign for Essar has started so well and we look forward to the mobilisation of more rigs in West Bengal over the course of the year. There are a number of CBM resource holders in India who are now planning extended drilling campaigns and Greka Drilling will continue to be at the forefront of these developments.”
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