Indian rig contracts (Business Opportunities - Advertising Service)
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Item ID 9748509 in Category: Business Opportunities - Advertising Service
Indian rig contracts | |
India's upstream oil and gas sector is witnessing steady activity in rig contracting, driven by intensified exploration and development efforts by major players like ONGC, Oil India Ltd, and private operators. In FY 2024–25, ONGC has been the most active in issuing rig tenders, including long-term contracts for both onshore and offshore drilling. Recent awards include jack-up rigs and floater contracts for deepwater and shallow water drilling in the Mumbai Offshore Basin and KG Basin. Dynamic positioning rigs with enhanced capabilities are being favored to meet complex reservoir targets. Onshore rig demand remains strong in Assam, Rajasthan, and Cambay regions. ONGC floated tenders for over 20 onshore rigs for exploratory and development wells across multiple assets. Oil India Ltd has also contracted rigs for its Assam and Arunachal Pradesh blocks, focusing on development drilling and CBM operations. Meanwhile, private E&P players like Vedanta and HOEC are engaging rigs for fields under Discovered Small Field (DSF) rounds and Production Enhancement Contracts (PECs). India’s rig contracting trend is shifting toward longer duration contracts, efficiency-linked performance models, and greater local content. The increasing demand for mobile land rigs and high-horsepower units reflects the deeper and more complex drilling programs underway. International drilling contractors like Shelf Drilling, Aban Offshore, and Jindal Drilling have maintained a strong presence in offshore projects. India is also enhancing safety and operational standards in rig operations, with the Directorate General of Hydrocarbons (DGH) emphasizing strict compliance and real-time monitoring. As Indian operators continue their exploration and production expansion, rig contracts are expected to grow, supported by favorable government policies, rising domestic energy demand, and improved E&P investment climate, Indian rig contracts, Indian Rig Contracts, Rig Contracts India, Energy Sector India, Rig Tenders India, Energy Projects India, Indianpetro plus, Rig Deals India. #IndianRigContracts #RigContractsIndia #EnergySectorIndia #RigTendersIndia #EnergyProjectsIndia RigDealsIndia #Indianpetroplus | |
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| Target Nation: All Nations Target City : Delhi Last Update : 28 June 2025 4:46 PM Number of Views: 23 | Item Owner : indianpetroplus Contact Email: Contact Phone: (None) |
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2025-07-06 (0.224 sec)