Greka Drilling enters three-year drilling contract with Oil and Natural Gas Operation

Greka Drilling has entered into a three year drilling contract with Oil and Natural Gas Operation for its Bokaro CBM asset in India, it announced on Thursday.

The largest independent and specialized, unconventional gas driller in Asia said the project would entail the provision of drilling and mud services, alongside the provision of associated equipment, forecasting it would generate total revenues of at least $15m over the three-year period.

Randeep S. Grewal, chairman & CEO of Greka Drilling, commented: "This contract consolidates our market position in both China and India and our strategic deployment of custom built state of the art CBM specific rigs in two of the biggest energy growth markets in the upcoming decade.

"Greka Drilling will contribute significantly to the realisation of the Government of India's vision for environmentally friendly energy security cutting down Green House Gas emissions by exploring the unconventional resources in a quest for Clean Energy in the market.

"This contract has affirmed our position in developing a cleaner energy future for the next generation".