Mumbai, Dec. 21
Essar Oilfields Services Ltd (EOSL), a subsidiary of Essar Shipping & Logistics, Cyprus, said that it had taken delivery of a semi-submersible rig.
This acquisition cost the company $220 million, said a statement from the company. The buy is in line with the company's plans to gain a significant presence in the contract drilling sector, it said.
EOSL said it has drawn up plans to invest over $400 million for acquisition of a diversified fleet of on-land and offshore drilling rigs.