ONGC Offered Deep Sea Drilling Rigs for KG Gas
As many as 10 international offshore drilling contractors including Trans Ocean Inc have offered best-in-class deep sea drilling rigs to Oil and Natural Gas Corp (ONGC) for its KG-D5 gas field developments. ONGC had floated a tender to charter hire two deep water drilling rigs and one anchor moored rig for bringing gas in Bay of Bengal block KG-DWN-98/2 or KG-D5, which sits next to Reliance Industries’ flagging KG-D6 fields, to production. “We have received tremendous response to the tender. International drilling contractors have bid very aggressively,” an official said. ONGC is among the very few explorers around the world who are actually going ahead with the development campaign despite low oil prices. “And naturally, contractors have no new job outside and so they are queuing up here,” he said.