Presidential Elections: Support Dr.Meira Kumar

Bihar and Jharkhand governments have no choice but to support Dr.Meira Kumar. As defeat of "Bihar ki Beti" in the hands of "UP ka Beta", will invariably bring Shame to the Biharis and Jharkhandis. So, Nitish Kumar has very little option left but to support, Dr.Meira Kumar. This might also probaly correct some of the historical mistakes of not making her father, the Prime Minister of India.

Also, I don't think all the Muslim and Christian MPs and MLAs from the TDP and TRS will ever support a RSS backed Candidate, who acted against Dalit Christian and Muslin reservations. Therefore, invariably cross voting will take place, which might give the underdog, Ms.Kumar, a win. Support Dr.Meira Kumar and make her the 2nd Female President of India.

All the best to Dr.Meira Kumar...

Monday, December 23, 2013

China’s Greka Drilling to drill 100 wells at Essar Oil’s CBM block in India
Buy Essar Oil Ltd at Rs.51.70
17th December 2013: China’s Greka Drilling receives USD 65m contract to drill 100 wells at Essar Oil’s Raniganj coal-bed methane block in India

Greka Drilling signs USD 65m contract with India’s Essar to drill 100 wells at Raniganj CBM block
Greka Drilling has signed a well drilling contract with Essar Oil to accelerate the development of Raniganj coal-bed methane (CBM) block in the Indian state of West Bengal. The USD 65m contract will see the Chinese firm drilling 100 wells at Essar’s Block RG (East). The well drilling contract is scheduled for completion by December next year.

Greka Drilling will aim to initiate the drilling operations in the second quarter of 2014. The company plans to mobilise five GD75 rigs from China to drill a combination of vertical, directional and LiFaBriC wells at the CBM block.

Randeep Grewal, chairman and CEO of Greka Drilling, said: “We look forward to adding value to Essar’s objectives in producing significant commercial volumes of CBM from its large acreage position in the Raniganj block. Our successful track record to date in China and 15 years of specialised CBM knowledge enabled us to achieve a rapid understanding of the strata we expect to be drilling under this contract.”

Essar Oil’s Raniganj CBM block hastotal proven and probable gas reserves of 113 billion cubic feet (bcf) gross, according to oil and gas consulting firm Netherland, Sewell and Associates. Essar received phase III environmental approval for the CBM block in May 2013. This environmental clearance has enabled the Indian oil and gas giant to drill up to 650 well for full field development of the CBM block.

Naresh Nayyar, CEO of Essar Energy, said: “The final phase III environmental approval for Raniganj is an exciting milestone and is the key to us reaching peak production. We expect to grow the CBM business significantly in the coming years as we utilise the learning from Raniganj to develop our other four blocks.”

India’s ministry of petroleum and natural gas has recently proposed a unified exploration policy to allow private players to explore shale oil and gas, along with coal-bed methane (CBM) in blocks owned by them.