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Jindal Drilling bags contract from ONGC for deployment of rig Jindal Supreme

06 Dec 2023 Evaluate

Oil and Natural Gas Corporation (ONGC) has issued Notification of Award to Jindal Drilling and Industries for deployment of its rig Jindal Supreme on its subsequent contract for a period of three years at Effective Day Rate (EDR) of $86,327. The current contract of Rig Jindal Supreme with ONGC is at an EDR of $39,578.78 and the same is expected to conclude in Q4 FY24.

Jindal Drilling & Industries is one of the leading drilling contractor in India providing service to national and international E&P companies.


Peers
Company Name CMP
ONGC 232.50
Oil India 492.20
Jindal Drilling&Inds 594.55
Deep Industries 744.65
Aban Offshore 14.26
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