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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

27.79 0.62 (2.28%)
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Company Name CMP
Shipping Corpn. 305.85
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Seamec 1556.00
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