https://indianmasterminds.com

ADVERTISEMENT
ADVERTISEMENT

ONGC Signs 3-Year Contract with Jindal Drilling for Rig Deployment at USD 35,138.71 per Day

Jindal Drilling & Industries will continue its offshore operations with ONGC as it secures a new 3-year rig contract for Jindal Explorer at an effective daily rate of USD 35,138.71.
Indian Masterminds Stories

In a significant development, Jindal Drilling & Industries Ltd. has received a Notification of Award from Oil & Natural Gas Corporation (ONGC) for the continued deployment of its rig Jindal Explorer on a fresh three-year contract. The rig will operate at an Effective Day Rate (EDR) of USD 35,138.71, the company announced in a regulatory filing.

The current contract of rig Jindal Explorer with ONGC is expected to conclude in the first quarter of FY26, while the new contract is scheduled to begin in Q3 FY26, ensuring a smooth transition and continued operations.

This award reinforces Jindal Drilling’s longstanding relationship with ONGC and its strategic position in India’s offshore drilling segment. The company is known for operating high-specification jack-up rigs for deep-sea exploration and production activities.

About ONGC

ONGC, India’s largest government-owned oil and gas explorer, plays a crucial role in the country’s energy security, accounting for approximately 70% of India’s crude oil and 84% of natural gas production. Headquartered in New Delhi, ONGC is a Maharatna PSU under the Ministry of Petroleum and Natural Gas.

The new contract also highlights the Indian government’s continued emphasis on enhancing domestic oil and gas production and the key role private drilling contractors play in executing complex offshore operations.


Indian Masterminds Stories
ADVERTISEMENT
ADVERTISEMENT
Related Stories
ADVERTISEMENT
ADVERTISEMENT
NEWS
Railtel Scope Award
RailTel Honoured with SCOPE Eminence Award for Driving Digital Innovation and Operational Excellence
NTPC Scope Award
NTPC CMD Gurdeep Singh Honoured with Leadership Excellence Award at SCOPE Eminence Awards 2025
ONGC Scope Award
Major CSR Achievement: ONGC Wins SCOPE Eminence Award 2022-23 for CSR & Responsiveness
Jeddah Islamic Port
India-Saudi Maritime Partnership Grows as INS Tamal, INS Surat Dock in Jeddah - Know All Details
bureaucracy news
Government Approves Repatriation of Amit Kumar, Extends Sanjay Mathur’s NCRB Tenure
bureaucracy news
Dr Rajiv Bahl to Continue as ICMR DG Till 2027; NCRB Director Alok Ranjan Elevated to Apex Pay Scale
Powergrid MoU
POWERGRID Signs MoU with MMMUT for Construction of 144-Bed Girls’ Hostel under CSR Initiative
Urjit Patel IMF appointment
Ex-RBI Governor Urjit Patel Appointed IMF Executive Director for India, Bangladesh, Bhutan, & Sri Lanka
ADVERTISEMENT
ADVERTISEMENT
Videos
WhatsApp Image 2025-08-25 at 13.56
Operation Hunt: IPS Dr. Karanraj Vaghela’s Mission to Nab Valsad’s Most Wanted
Dr
Resisted Flawed Schemes, Transferred Thrice In Three Months, Found Solace In Writing
WhatsApp Image 2025-08-11 at 4.48
IAS SVR Srinivas on Mumbai Trans Harbour Link, Tough Calls, and the Real Power of IAS Officers | Video Interview
ADVERTISEMENT
UPSC Stories
IAS Minnu P M
“Lazy, Sleepy, Yet Determined”: Minnu P M’s Honest Take on Cracking UPSC
Minnu PM, once a clerk in Kerala Police, cleared UPSC with AIR 150 after five years of struggle. Her...
IPS Ashish Tiwari
From IIT and Investment Banking to Public Service, Meet IPS Ashish Tiwari 
Ashish Tiwari, IIT graduate and former investment banker, chose public service over global finance. As...
WhatsApp Image 2025-08-12 at 7.27
First Attempt IRS, Fourth Attempt IPS: The Relentless Pursuit of Jitendra Kumar Yadav Who Cracked UPSC 3 Times
IPS Yadav is originally from Chhattisgarh. He was first selected for the IRS through UPSC and later for...
Social Media
Masahiro Hara
From Go Board to Global Use, How QR Codes Changed the World: IRAS Officer Ananth Rupanagudi Spotlights Masahiro Hara’s Vision
IRAS officer Ananth Rupanagudi shared a video on Masahiro Hara, the inventor of QR codes, highlighting...
IFS Susanta Nanda Video
A Mother’s Duty: Tigress Watches Over Cubs Splashing in Waterhole — Heartwarming Video Shared By Retd. IFS Officer Susanta Nanda
A tender wildlife video shared by Retd. IFS officer Susanta Nanda shows a tigress keeping watch over...
Mohanmala
Kaziranga Mourns: Beloved Elephant Mohanmala Passes Away After Five Decades of Service
Kaziranga National Park mourns the loss of Mohanmala, a beloved elephant who served over 50 years as...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Latest
Railtel Scope Award
RailTel Honoured with SCOPE Eminence Award for Driving Digital Innovation and Operational Excellence
NTPC Scope Award
NTPC CMD Gurdeep Singh Honoured with Leadership Excellence Award at SCOPE Eminence Awards 2025
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Videos
WhatsApp Image 2025-08-25 at 13.56
Dr
WhatsApp Image 2025-08-11 at 4.48
ADVERTISEMENT
ADVERTISEMENT