Punj Lloyd Upstream Ltd was incorporated in April 2007 to address the opportunities in the Integrated Drilling Services market.
With internationally experienced crew of drillers & technicians credited with completing complicated drilling programs in difficult and diverse terrain, Punj Lloyd Upstream will have a fleet of brand new AC VFD 1500 2000 HP onshore rigs with a drilling capacity of 6,000 m. The US manufactured rigs are in various stages of building, delivery, and deployment.
With plans to acquire a leadership position in onshore drilling space with a fleet of 10 onshore rigs for India, Punj Lloyd Upstream will simultaneously develop onshore drilling contracts in the MENA region and will expand to other countries where Punj Lloyd has an operating presence.
The company is developing synergies to move into the Offshore Drilling space and also in the areas of integrated well services, marginal field development, and eventual ownership of oil & gas assets. Expansion into the Upstream business is vertically integrated with our core competencies in the Midstream & Downstream spaces.
For further information please contact:
Punj Lloyd Upstream Ltd
78, Institutional Area, Sector 32
Gurgaon 122 001, Haryana, India
Tel. : +91 124 262 0123
Fax : +91 124 262 0111