German China India

India: Drilling Agreement

Essar Oilfields Receives 4 Million Dollar Contract by Gas Authority of India

| Editor: Ahlam Rais

Drilling for the project is expected to commence in April–May 2018.
Gallery: 1 image
Drilling for the project is expected to commence in April–May 2018. (Source: Deposit Photos)

The scope of the agreement includes drilling three firm wells along with two optional wells in Cambay basin, Gujarat.

Mumbai/India – Essar Oilfields Services India has recently announced that it has been awarded a 4 million dollar contract by Gas Authority of India (Gail) to drill three firm plus two optional wells in Gujarat’s Cambay basin. Drilling for the project is expected to commence in April-May 2018.

The company has signed a series of onshore and offshore drilling contracts in FY18 with clients such as Gail, ONGC, Oil India and Mercator Petroleum. With projects in the pipeline, the company is expecting to grow its revenue to 4 billion dollars in FY19, which is 35 % more than the current fiscal.

Comments are being loaded ....

Leave a comment

The comment is checked by an editor and will be released soon.

  1. Avatar
    Avatar
    Edited by at
    Edited by at
    1. Avatar
      Avatar
      Edited by at
      Edited by at

Comments are being loaded ....

Report comment

Kommentar Freigeben

Der untenstehende Text wird an den Kommentator gesendet, falls dieser eine Email-hinterlegt hat.

Freigabe entfernen

Der untenstehende Text wird an den Kommentator gesendet, falls dieser eine Email-hinterlegt hat.

copyright

This article is protected by copyright. You want to use it for your own purpose? Infos can be found under www.mycontentfactory.de (ID: 45180188 / Oil & Gas)