Selan ropes in Malaysian firm for drilling

Delhi-based Selan Exploration Technology has roped in Malaysia-based Kejuruteraan Samudra Timur (KSTB) to provide land drilling rig services in Ahmedabad, Gandhinagar and Mehsana districts in Gujarat. KSTB has signed a $2 million service contract with Selan to drill six wells, a company executive said.

Selan is engaged in oil and gas exploration and production in four fields "� Bakrol, Indrora, Lohar and Karjisan.

Selan was among the first private sector companies to get rights to develop three discovered oilfields in Gujarat. Selan has subsequently been awarded two more fields in Gujarat.

Under a production sharing contract, there is an assured offtake of the entire oil and gas production from these blocks by the Central government.