Greka Drilling Limited Contracts Update (1357A)
2017年12月22日 - 1:33AM
RNSを含む英国規制内ニュース (英語)
TIDMGDL
RNS Number : 1357A
Greka Drilling Limited
21 December 2017
21 December 2017
Greka Drilling Limited
("Greka Drilling" or the "Company")
Contracts update
Greka Drilling Limited (AIM: GDL), the largest independent and
specialized unconventional gas driller in Asia, announces an update
in relation to drilling contracts in China and India.
China
The Company has been awarded two new contracts with PetroChina
Huabei Oilfield Limited ("PetroChina", a subsidiary of CNPC) for
their ANZE block in China. Each of the new contracts is for 18
months, with a scope of 10 directional wells, each to be drilled on
multi-well pads. The estimated aggregate value of the two contracts
is RMB13.6m (approximately US$2.1m).
The contract for PetroChina's ANZE block announced in August
2017 has been completed with 10 wells being drilled with an average
completion time from spud to release of 9.73 days and an average
depth of 1,350m.
India
The Company is in discussions with Oil and Natural Gas
Corporation Limited which may lead to material modifications
including termination of the Bokaro drilling contract in India
announced by the Company on 16 November 2017. A further
announcement in relation to this contract will be made in due
course.
Randeep S. Grewal, Chairman of Greka Drilling, commented:
"The awarding of these new contracts by PetroChina has been the
result of a strong drilling performance by the Company's advanced
rigs and experienced crews. We expect more contracts to be awarded
in the near future as China operators continue to ramp up their
drilling programs to meet the country's increasing demand for clean
energy through CBM gas. We are seeking to clarify the situation in
relation to the ONGC contract and will provide an update when
appropriate."
For more information on Greka Drilling, please visit the
Company's website at www.grekadrilling.com or contact:
Greka Drilling
Media Relations +44 (0)20 7016
Sarah Lowther 9829
Smith & Williamson
Nominated Adviser and Broker
Azhic Basirov / David Jones +44 (0) 20 7131
/ Ben Jeynes 4000
This announcement is inside information for the purposes of
Article 7 of Regulation 596/2014.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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December 21, 2017 11:33 ET (16:33 GMT)
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