ONGC awards deployment contract to Jindal Drilling and Industries

State-run Oil & Natural Gas Corporation Limited (ONGC) has issued a Notification of Award to Jindal Drilling and Industries Ltd for the deployment of rig Jindal Explorer on its subsequent contract for a period of 3 years at an Effective Day Rate (EDR) of USD 35,138.71.

The current contract of Rig Jindal Explorer with ONGC is expected to conclude in Q1 FY26 and the subsequent contract is expected to commence in Q3 FY26.

The time period to execute the order is three years.