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Greka Drilling wins new contract from PetroChina

Wed, 30th Nov 2016 10:57

(ShareCast News) - Oil and gas miner Greka Drilling has won a second contract with PetroChina Huabei Oilfield to drill five wells, for an undisclosed fee.The AIM-listed company agreed to a one year contract to drill five horizontal wells in the Fanzhuang Block in Shanxi Province, China.The company previously drilled 13 wells, or 19,257 meres, for PetroChina from 2013-15 .Greka Drilling's chairman and chief executive, Randeep Grewal said: "The winning of this five horizontal well contract proves once again that PetroChina recognizes Greka Drilling as a quality drilling company with advanced rig technology and experienced crews."PetroChina is also expected to commence a 100 cluster wells drilling project in Anze Block in 2017, which represents a significant further opportunity for us. Following an expected slow 2016, we are hopeful that 2017 will be a busy and fruitful year for Greka Drilling in China."Shares in Greka Drilling were up 3.76% to 2.62p at 1052 GMT.
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6 Jul 2018 16:14

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UPDATE: Nine Firms Suspended From AIM After Missing Results Deadline (ALLISS)

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2 Feb 2017 10:53

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27 Sep 2016 09:33

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27 Sep 2016 08:51

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19 Jul 2016 15:17

UK Shareholder Meetings Calendar - Next 7 Days

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8 Jun 2016 09:20

Greka Drilling Says Two Wells Drilled For Essar, Another To Come

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25 May 2016 16:36

DIRECTOR DEALINGS: Greka Engineering Chief Ups Stake Before Delisting

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21 Apr 2016 08:26

Greka Drilling Loss Widens On Foreign Exchange Losses But Revenue Up

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20 Apr 2016 11:44

Two Greka Drilling rigs on the move in West Bengal

(ShareCast News) - Greka Drilling had two rigs on the move on Wednesday, receiving orders from Essar Oil to move its equipment into position at its West Bengal project. The AIM-traded independent unconventional oil and gas friller initially announced the contract win on 15 February. It said Essar h

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20 Apr 2016 09:44

Greka Drilling Set To Start Work On Essar Oil Project In India

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14 Apr 2016 15:10

Earnings, Trading Statements Calendar - Week Ahead

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