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Greka Drilling's Randeep Grewal hails new drill contract wins in China

Randeep Grewal, chairman of Greka Drilling Ltd (LON:GDL), talks Proactive through the company's two new drill contracts with PetroChina Huabei Oilfield Limited, for coal-bed methane blocks in Shanxi Province.

The China-focussed drilling and well services contractor estimates that the new contracts will be worth at least US$2mln.

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AIM:GDL
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Greka Drilling boss Grewal hoping to drill 250 wells

Randeep Grewal, the chief executive and chairman of Greka Drilling (LON:GDL), says he hopes the company will be able to drill close to 250 wells over the next 15-18 months. Grewal says it is difficult to predict the exact number of wells that will be drilled but is optimistic about the road...

on 09/24/2014

2 min read