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Deep Industries Wins New Rs 1.06 billion Contract from ONGC

Deep Industries Ltd. announced last week that it has secured a Letter of Award (LoA) from Oil and Natural Gas Company (ONGC) for a 1,000 HP mobile drilling rig for three years for an Ahmedabad asset. The estimated value of the contract is approximately Rs. 1.06 billion ($12.93 million).

 

Deep Industries will provide the mobile drilling rig, equipment, and manpower, including roustabouts, for maintaining the mud systems as per the order’s requirements.

 

Deep Industries offers various equipment and services in oil and gas field operations on a rental and chartered-hire basis, including air and gas compression, drilling and workover services, and gas dehydration services. It is also a key player in integrated project management services in the oil and gas sector.

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