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Green Dragon reenlists Greka for 2015 China onshore unconventional drilling programme

06th January 2015

Greka Drilling has been awarded further unconventional drilling work in China under the evergreen contract with its major client, Green Dragon Gas, following the successful completion of the previously announced 10 well LiFaBriC programme in 2014

Greka Drilling has been awarded further unconventional drilling work in China under the evergreen contract with its major client, Green Dragon Gas, following the successful completion of the previously announced 10 well LiFaBriC programme in 2014
The company expects to commence this programme in January 2015, utilising up to 10 existing GD75 rigs

A new work order under the evergreen master drilling contract between Green Dragon Gas and Greka Drilling for 30 new LiFaBriC wells in the Shizhuang South (GSS) block in Shanxi Province of China, has been signed between the two parties.

“We are pleased to announce that the company has completed the 2014 drilling programme of 10 LiFaBriC wells for Green Dragon Gas Ltd and is delighted to begin the 2015 campaign with this 30 well LiFaBriC order,” said Randeep S. Grewal, Greka Drilling chairman.

 

“The value of this work order is approximately USD 45m and is in addition to our existing USD 65m contract for Essar in India, a substantial portion of which will be completed in 2015. We indeed look forward to a robust 2015.”

The new well sites are under preparation and rigs and manpower are under mobilisation.

The company expects to commence this programme in January 2015, utilising up to 10 existing GD75 rigs.

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