Jindal Drilling Secures Major ONGC Rig Deal

Jindal Drilling and Industries Limited has secured a major contract from Oil & Natural Gas Corporation Limited (ONGC) for the continued deployment of its rig, Jindal Explorer. Under the Notification of Award, the new agreement spans three years with an Effective Day Rate (EDR) of USD 35,138.71.

The current contract for the Jindal Explorer is set to conclude in the first quarter of FY26, with the newly awarded contract scheduled to begin in the third quarter of FY26, ensuring operational continuity.

This long-term contract reinforces the strong partnership between ONGC and Jindal Drilling, showcasing the company's proven expertise in delivering vital offshore drilling services. It also guarantees a stable revenue stream for Jindal Drilling over the next three years, further strengthening its foothold in the oilfield services industry.

News by Rahul Yelligetti.