Greka Drilling Limited is pleased to announce that following mobilization orders from Essar Oil Ltd, the US$65 million contract for 100 wells to be drilled for them in the Raniganj block in West Bengal announced by Greka Drilling on 16 December 2013 has commenced.
The Company has mobilized five GD75 rigs from its existing fleet which are currently at the port in Tianjin, northern China. Allowing for shipping and related logistics, the first wells are expected to spud in September 2014. Over the course of the coming quarter accessory equipment and crews will also be mobilized. The drilling campaign is expected to last between 10 to 12 months.