Bid & Tender

News

Jindal Drilling Wins Three-Year Contract with ONGC

Jindal Drilling & Industries Limited has commenced operations for its rig 'Jindal Explorer' under a three-year charter hire agreement with Oil and Natural Gas Corporation Limited (ONGC). The contract, effective immediately, has a day rate of USD 35,138.71. This agreement provides Jindal Drilling with a steady revenue stream and strengthens its position in the oil and gas services sector.

As per the company's official communication to the stock exchanges, Jindal Drilling & Industries Limited stated, "We are pleased to inform you that Rig 'Jindal Explorer' taken on charter hire by the Company has commenced operations with Oil and Natural Gas Corporation Limited (ONGC) for a period of three years at Effective Day Rate (EDR) of USD 35,138.71."

This development underscores Jindal Drilling's ongoing efforts to enhance its operational capacity and secure stable, long-term contracts in the competitive oil and gas services industries.

BACK

Related News