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6 FAQs about [Seychelles essar drilling rigs manufacturer]
Who is Essar Oilfield Services India Limited?
Sitting within the Essar Shipping division, Essar Oilfield Services India Limited (EOSIL) provides onshore and offshore contract drilling to international oil and gas companies, both in India and overseas. To this end the company operates a variety of assets including the semi-submersible rig ‘Essar Wildcat’, and a fleet of 12 land rigs.
Why is EOSIL investing in New land rigs?
In the case of the new land rigs, EOSIL’s in-house client Essar Energy drives some of this investment. “Essar Energy is the largest coal bed methane acreage owner in India, and is aggressively pursuing a certain production target, which it hopes to achieve by next year. This requires a lot of wells to be drilled very quickly.
How does EOSIL interact with the Essar Group?
To this end the company operates a variety of assets including the semi-submersible rig ‘Essar Wildcat’, and a fleet of 12 land rigs. Elaborating on how EOSIL interacts with the rest of the Essar Group, CEO Ankur Gupta says: “As a company Essar likes to integrate an entire value chain together.
What is Essar Group?
Achieving revenues in excess of $20billion per annum, the Essar Group is the fourth largest private industrial conglomerate in India, and an internationally recognised force. Since its beginnings in 1969, the Group has grown beyond its home market to carve out a global footprint in the areas of steel, energy, infrastructure, and services.
How many jack-up rigs does EOSIL have?
At present EOSIL is investing in a massive asset expansion with two new jack-up rigs on order, as well as six land rigs. The jack-up rigs will join the Essar Wildcat in the offshore side of the business, and are state-of-the-art, high specification rigs with high pressure and temperature capabilities.
Who is the Chief Risk Officer of Essar capital?
A qualified chartered accountant, Kailash joined Essar in 2003 after working with Chaturvedi & Shah and Dewani & Co. Adithya Bhat, with over 27 years of experience in Governance, Risk and Compliance (GRC), is the Chief Risk Officer at Essar Capital.