CROSCO, Integrated drilling and Well Services Co., Ltd. is pleased to announce signing of third (3) contract for drilling and well operations with Ukrainian state company Pjsc Ukrgasvydobuvannya (UGV), one of the largest oil and gas business operators in Ukraine.
This third (3) contract is for drilling six wells, with total value of 14,3 ml EUR, for Lot 2 which CROSCO has signed on December 22nd, 2017.
Commencement of drilling operations on Lot 2 with 1500 HP land drilling rig EMSCO-401 is scheduled for beginning of second quarter of year 2018.