The latest well is part of a contract that so far has seen 33 directional wells and 1 vertical well drilled.Greka Drilling Limited (LON:GDL) has completed its fiftieth well in a coal bed methane (CBM) gas campaign for Essar Oil in India with no time lost for injuries or accidents throughout the programme.
The latest well is part of a contract that so far has seen 33 directional wells and 1 vertical well drilled.
Greka drilled 16 wells in a previous campaign and has now drilled almost 60,000 metres for Essar in India, including drilled 39,724 meters continuously in the Raniganj block, West Bengal during this latest campaign.
Essar is the largest producer of CBM in India and Greka Drilling the largest CBM driller.
Randeep Grewal, Greka’s chief executive said completing 50 wells for Essar was a momentous occasion for Greka and reaffirmed its position as a market leader in Coal Bed Methane drilling.
“Development of unconventional gas resources has become an important value proposition for operators pursuing alternatives to oil.”