Greka Drilling to Take a Call on India Entry in Three Months

Greka Drilling is in the process of negotiations to launch expansion in India and a final decision can be expected in the next three months.

The company also said that Green Dragon Gas has reconfirmed its commitment to use Greka Drilling to implement its drilling program.

Green Dragon Gas is now reviewing its 2014 drilling program to reflect the recent announcement of significant drilling activity at its production block, Shizhuang South (GSS). The China focued coal bed methane player said earlier this month that there had been number of violations on its blocks by a number of Chinese coal-bed methane gas companies.

Greka continues to perform ahead of technical expectations with its other Chinese customers that include CNPC Huabei Anze, CNPC Huabei Jincheng, Sinopec CBM (BOFA) and Sinopec Unconventional Oil (Petroking), it said in an update.

Sign-up for our free weekly newsletter update via email here