Greka Drilling has been awarded two new drilling contracts in China. The first contract is a turnkey contract with Greka Guizhou E&P (GGZ) and the other is a contract with Bohai Drilling Engineering (BDE), a subsidiary of China National Petroleum Corp. (CNPC).
The work scope under the US$4.9 million turnkey GGZ contract consists of site preparation, the supply of all tangibles, services, and drilling needed to complete 12 wells.
The programme consists of two multi-well pads with one vertical and five directional wells to be drilled on each pad to an average depth of 850m. Two of the company’s GS130 rigs have been mobilized to commence the drilling of the 12 wells, which are expected to be completed by year-end.
Under the BDE contract, the firm will be a subcontractor to BDE who is the newly appointed principal drilling company for drilling all horizontal wells for its parent company CNPC.
BDE has contracted the company’s advanced CBM purpose built GD75 rigs, equipment, and expertise to complete horizontal wells over two years with a $4.2 million minimum commitment.
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