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ONGC signs up for Jindal rig



By Upstream staff 

India's Oil & Natural Gas Corporation (ONGC) has signed a $225 million contract with Jindal Drilling & Industries for use of its Virtue-1 jack-up rig.

ONGC will deploy the newly-built rig off the west of India, a company official, who did not wish to be identified, told Reuters.

"It is designed for 300 feet of water depth and drilling depth capability is almost around 6000 metres," he said.

The five-year contract is expected to start in May 2009, the official said.


Monday, 16 July, 2007, 06:22 GMT  | last updated: Monday, 16 July, 2007, 07:15 GMT

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