Essar Shipping has received two contracts for land rigs, one in Brunei and one in India. The Company estimates revenues from these two contracts to be around $25 million.
The company has recently bagged $121-million contract to drill offshore wells in Indonesia. As per the contract, the company would drill 11 offshore wells for the US-based ConocoPhillips.
Essar Shipping has an enviable track record of accident free/pollution free transportation. The company, through its operating track record of over 30 years has significant expertise in sea transportation and supply chain management services to steel industry, cement industry, refining industry, fertilizer industry and electricity generating companies.
