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Jindal Drilling starts operations with ONGC

17 Nov 2025 Evaluate

Jindal Drilling & Industries has commenced operations with Oil and Natural Gas Corporation (ONGC) with the help of jack-up rig ‘Jindal Explorer’, which is taken on charter hire by the company. The company’s contract with ONGC is for period of three years at effective day rate (EDR) of $35,138.71.

Earlier, in May 2025, the company had received Notification of Award from ONGC for deployment of rig ‘Jindal Explorer’.

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 221.10
Oil India 442.65
Jindal Drilling&Inds 572.80
Deep Industries 746.50
Asian Energy Service 450.15
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