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Essar Shipping’s arm commences drilling contract with Mercator Petroleum

27 Dec 2017 Evaluate

Essar Shipping’s step-down subsidiary - Essar Oilfield Services India (EOSIL) has commenced a contract awarded by Mercator Petroleum to drill two firm oil wells plus one optional oil well in the Cambay Basin. With the company commencing a few other drilling contracts in this fiscal, EOSIL is expecting to clock revenues of $48 million in this fiscal.

Essar Shipping is an integrated logistics solution provider with investments in logistics services, sea transportation and oilfield drilling services.



Essar Shipping Share Price

22.34 -0.56 (-2.45%)
11-Jun-2026 16:59 View Price Chart
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Company Name CMP
Shipping Corpn. 286.20
GE Shipping 1389.55
Dredging Corp 1040.40
Seamec 1588.25
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