Eason to Assist Drilling of Deep Oil Well in India/trade Missions Helped Contract

Article excerpt

By Patti Case The deepest on-shore oil and natural gas wells ever attempted in India will be drilled after negotiations are complete on a multi-million dollar contract with Eason Oil Co. of Oklahoma City, it was announced Monday.

Eason, a subsidiary of ITT Corp. of New York, would provide operational support and drilling assistance to drill the wells more than 20,000 feet deep, said Don Montgomery, Eason chief financial officer.

The Oklahoma City firm is negotiating the two-year contract with ESSAR Constructions Ltd. of Bombay. Eason has specialized in deep well drilling, with wells of similar depths in the Fletcher Field of western Oklahoma, said Montgomery.

Two trade missions to India by Gov. George Nigh created a positive attitude in India toward Oklahoma and Oklahoma companies, said Dr. Robert J. Collins, president of Eason.

Collins, who was on the latest trade mission, indicated that Nigh's aggressive marketing of the state and Eason's new contract have prompted inquiries and bid requests to Eason from other Indian companies.

The India contract calls for the drilling division of Eason, in conjunction with Eason's foreign subsidiary Eason-Singapore Private Ltd., to provide ESSAR with the expertise to purchase and test drilling rigs and support equipment to meet specifications established by the oil and natural gas commission of India.

Eason and ESSAR were approved for the drilling projects by the Indian government, said Collins.

Eason officials played a vital role in ESSAR's efforts to win the drilling contract from the Oil and Natural Gas Commission of India, said Robert G. Hamilton, head of Eason's drilling division.

"Our knowledge and experience in drilling deep, high pressure gas and hardrock formations will be vital to the success of the oil and natural gas commission's ambitious exploration projects," Hamilton pointed out.

Oklahoma drilling crews will supply on-site operational support and train Indian crews to operate the rigs. …


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