Essar Oilfields wins Rs 28 cr contract from GAIL

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Essar Oilfields Services India Ltd (EOSIL) today said it has been awarded Rs 28 crore contract by GAIL to drill at least three wells on state-owned firm’s exploration acreage in Gujarat’s Cambay basin.

The contract is for drilling three firm and two optional wells, commencing April/May, the company said in a statement.

This is the fourth contract that Essar Oilfields, which provides contract drilling services to oil and gas companies across the globe, has won this financial year.

“With projects in the pipeline, the company is expecting to grow its revenue to Rs 400 crore in 2018-19, which is 35 per cent more than the current fiscal,” the statement said.

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