Greka Drilling Secures 3-Year Drilling Deal with ONGC

Greka Drilling Limited, an independent oil and gas driller in Asia, has secured a three year drilling contract with Oil & Natural Gas Corporation Limited (ONGC) for the Bokaro CBM asset in India.

Under the deal, Greka will deploy one of its purpose-built rigs in the country. ONGC plans to drill 73 wells over the next three years using this rig, which has a proven track record of drilling in similar geological conditions, according to Greka.  

The project will entail the provision of drilling and mud services, along with the provision of associated equipment, and is estimated to generate total revenues of $15 million over the three year period.

"As a market leader with 20 years of experience in coal bed methane drilling we are looking forward to supporting ONGC's development plan for its Bokaro asset,” Randeep S. Grewal, chairman and CEO of Greka Drilling, said in a company statement.



Have a news tip? Share it with Rigzone!
Email news@rigzone.com

WHAT DO YOU THINK?

Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.
John | Jun. 18, 2017
basically they hired the cheapest rig they can find. Im sure the crew is working for slave wages. oilfield sucks (Ive been on the rigs 7 yrs wish i had done something else)


Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE

More from this Author
Rigzone Staff
e-mail us at news@rigzone.com
 -  Shell Divests Stake in Saudi JV (Aug 16)
 -  Saipem to Build Pipelines for Kuwait R... (Aug 16)
 -  The Trick to Nailing Your Electrical E... (Aug 10)
 -  Jacobs Expands MSA for Chevron's US Re... (Aug 9)
 -  Common Interview Questions for Mechani... (Aug 8)


Most Popular Articles

From the Career Center
Jobs that may interest you
equipment operator
Expertise: Civil Engineering|Field Service Tech|Rig Instrument Tech
Location: Akron, 
 
equipment operator
Expertise: Civil Engineering|Field Service Tech|Rig Instrument Tech
Location: Akron, 
 
Lead Roustabout
Expertise: Roustabout
Location: Lafayette, LA
 
search for more jobs

Brent Crude Oil : $50.8/BBL 0.13%
Light Crude Oil : $47.55/BBL 0.08%
Natural Gas : $2.94/MMBtu 0.67%
Updated in last 24 hours