Essar Oilfields, which is close to posting a revenue of Rs300 crore in the current fiscal, has three of its land rigs currently in operation. New Delhi: Essar Oilfields Services India Ltd on Wednesday said it has won a Rs32 crore contract from state- owned Oil and Natural Gas Corp (ONGC) to drill 30 wells at a coal-bed methane (CBM) block in Bokaro, Jharkhand. Under the one-year contract, Essar Oilfields “will be deploying the MR#11 land rig for the job, which is expected to commence in the next few weeks,” the company said in a statement. Essar Oilfields Services India Ltd (EOSIL), which is close to posting a revenue of Rs300 crore in the current fiscal, has three of its land rigs currently in operation. These rigs have been contracted with Oil India and Mercator Petroleum.

Source: Mint January 24, 2018 14:48 UTC