Selan ropes in Malaysian firm for drilling

Posted by Info Ahmedabad on March 18th, 2008 | No Comments

Delhi-based Selan Exploration Technology has roped in Malaysia-based Kejuruteraan Samudra Timur (KSTB) to provide land drilling rig services in Ahmedabad, Gandhinagar and Mehsana districts in Gujarat. KSTB has signed a $2 million service contract with Selan to drill six wells, a company executive said.

Selan is engaged in oil and gas exploration and production in four fields – Bakrol, Indrora, Lohar and Karjisan.

Selan was among the first private sector companies to get rights to develop three discovered oilfields in Gujarat. Selan has subsequently been awarded two more fields in Gujarat.

Under a production sharing contract, there is an assured offtake of the entire oil and gas production from these blocks by the Central government.

Source by Business Standard

Related to Selan ropes in Malaysian firm for drilling

Ahmedabad, Bharuch sitting on big oil reserves
The danger of carrying out drilling and exploration activities in the densely-populated urban areas of Ahmedabad and Bharuch, which sit ...
Ahmedabad, Bharuch sitting on big oil reserves
The danger of carrying out drilling and exploration activities in the densely-populated urban areas of Ahmedabad and Bharuch, which sit ...
Deep Inds to explore marginal oil and gas fields
The Ahmedabad-based Deep Industries is well on its way to explore the marginal oil and gas fields it won from ...
ONGC to hire drilling rigs
India's Oil and Natural Gas Corp. plans to hire 17 on-land drilling rigs by December for exploration and production activities.This ...
Reliance lines up $14 bn for E&P
Mumbai, Oil and gas major Reliance Industries Ltd (RIL) on Saturday announced a $14-billion investment plan for its oil exploration ...