ONGC, which is led by chairman RS Sharma, issued the expression of interest on 1 June after Shiv-Vani failed to deliver the drilling rigs within the mobilisation period, which ended this May after a series of extensions.
However, sources said Shiv-Vani hopes it can deliver the rigs soon and keep the contract.
The new expression of interest implies that the 16.1 billion rupees ($333 million) contract with Shiv-Vani may be under threat and could even be cancelled if the rigs are not delivered soon.
The
