Essar Shipping’s arm commences drilling contract with Mercator Petroleum

Essar Shipping Ltd. | Shipping | Transportation & Logistics | BSE: 533704 | NSE: ESSARSHPNG

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.

Peers

Company Name	CMP
Shipping Corpn.India	274.35
Great Eastern Ship.	1497.05
Dredging Corporation	987.10
Seamec	1710.95
Shreeji Ship.Global	752.70
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Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
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Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
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SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
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Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com	Telephone: +919175899463 Address: Same as IA
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