Indian Infrastructure Equipment Limited, the equipment rental arm of SREI Infrastructure Finance Ltd. signed a letter of agreement with Moscow-based Oil Technologies Overseas to jointly develop business in drilling and related services for the Russian and Indian oil and gas sectors.
This marks the entry of Quipo Oil and Gas into the oil drilling services market in Russia.
Using the Quipo brand, IIEL provides equipment for a wide range of construction requirements, including trained equipment operators and on-site repairs and maintenance.
OTO is one of Russia’s leading energy services companies, specializing in enhanced oil recovery, reservoir water management, production enhancement and well services.
