Shiv-Vani Oil & Gas Exploration Services announced winning of an offshore drilling contract from Gulf of Suez Petroleum Company (GUPCO), a 50-50 joint venture owned by British Petroleum and The Egyptian General Petroleum Company. The drilling contract is for a duration of two years extendable by one year, in Gulf of Suez, Egypt.
The company has acquired Ocean Heritage a jack up offshore drilling rig, through its 100% wholly owned subsidiary based in Singapore.