Green Dragon Gas
 |
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| Traded as | Green Dragon Gas (: ) Greka Drilling (: ) |
|---|---|
| Industry |
Oil and gas Construction |
| Founded | 1997 |
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Key people
|
Randeep Grewal (founder and owner) |
| Products |
Natural gas Petroleum Petroleum products Asphalt |
| Website | greka |
| Traded as | : |
|---|---|
| Headquarters | Zhengzhou, China |
| Website | greendragongas |
| Traded as | : |
|---|---|
| Headquarters | Zhengzhou, China |
| Website | grekadrilling |
| Headquarters | Zhengzhou, China |
|---|---|
| Website | grekaengineering |
| Headquarters | Santa Maria, California |
|---|---|
| Website | greka |
The Greka Group is a privately held oil and gas conglomerate founded in 1997 by businessman and entrepreneur Randeep Grewal. Greka entities include -listed Green Dragon Gas and Greka Drilling, as well as Greka Engineering & Technology and Greka Integrated. Grewal currently serves as chairman and CEO of all of these companies.
Greka has been a pioneer in the oil and gas industry in advancing the technique of horizontal drilling and the associated process of coalbed methane extraction, which provides an unconventional source of natural gas. Greka Drilling developed the LiFaBriC (Lined Faulted Brittle Coal) proprietary drilling methodology "specifically designed for the complex geology experienced in China. The method – an adaptation of the horizontal drilling methods traditionally used for drilling in coal seam reservoirs - is not only extremely efficient but is also an environmentally friendly technique which removes the need for fracking programs."
Green Dragon Gas is "the largest independent producer and distributor of Coal Bed Methane in China." Green Dragon's "LiFaBriC proprietary methodology allows gas to be extracted from China’s heavily faulted anthracite coal seams. It naturally desorbs the coal, with no need for fracking, producing a high quality gas which can be used as a replacement for conventional natural gas in pipeline networks or for power generation."
Green Dragon produces its gas from eight operational blocks. The company's first LiFaBriC well drilled in China has produced more than one billion cubic feet of gas since 2008.
Green Dragon currently owns a network of eight retail CNG gas stations in China's Henan province in the vicinity of the city of Zhengzhou.
Greka Drilling "is one of the largest independent and specialized unconventional gas drilling companies in China. The Company was established as a subsidiary of Green Dragon Gas in November 2007. On March 2011, Greka Drilling was demerged from Green Dragon Gas. At present, Greka Drilling has more than 700 technical and field employees."
In December 2012, Greka Drilling "signed a contract to drill 100 wells in the Ordos basin for China’s state-run Sinopec." In June 2013, China's largest state owned energy enterprise CNPC awarded Greka Drilling a contract for drilling services for the Anze coal bed methane project in Shanxi, China.
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Wikipedia