Key Developments: Greka Drilling Ltd (GDL.L)

GDL.L on London Stock Exchange

11 Feb 2016
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Latest Key Developments (Source: Significant Developments)

Greka Drilling Ltd says further re Indian Drilling Contract
Tuesday, 2 Sep 2014 02:00am EDT 

Greka Drilling Ltd:Announces that further progress has been made following mobilization orders from Essar Oil Ltd (Essar) in relation to the $65 mln contract for 100 wells to be drilled in Raniganj East Block in Durgapur, West Bengal.Five GD75 rigs that were mobilized from Company's existing fleet in China and arrived in India mid-August are at present are being prepared for drilling at designated well sites.Two of the rigs are at present now fully erected and will begin drilling shortly.Remaining three rigs are still mobilizing to the Essar pre-prepared drill sites.First wells will be spud in mid-September, commencing the 100 well programme for Essar.Greka Drilling has already opened field offices and other support facilities in Durgapur, West Bengal and are in the final phase of technical and HSE training of all local employees in Durgapur.The local teams are being complimented and lead by experienced Greka Drilling personnel to ensure safe and successful execution.Drilling campaign is expected to last about 12 months.  Full Article

Greka Drilling Ltd signed new contract
Wednesday, 9 Apr 2014 02:00am EDT 

Greka Drilling Ltd:Signed a new contract with Guangdong Bureau of Coal Geology (GBCG) for Greka Drilling's drilling services.Under the contract GBCG will provide several of the traditional services usually delivered by the drilling contractor - including casing services, logging services and cementing services.  Full Article

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