India’s Oil & Natural Gas Corporation (ONGC) is planning to acquire newly built offshore jack-up rigs to help secure long-term drilling capacity in a rig market that has been battered by the coronavirus pandemic and low oil prices.
ENERGY EXPLORED: SUBSCRIBE TO ACCELERATE
Gain valuable insight into the global oil and gas industry's energy transition from ACCELERATE, the free weekly newsletter from Upstream and Recharge. Sign up here today.
ONGC has an ambitious offshore exploration programme over the next few years aimed at scaling up its hunt for domestic oil and gas resources in line with the Indian government's drive to reduce the nation’s dependence on oil imports.
