ONGC gives LoA to Jindal Drilling for Jack-up Drilling rig owned by Maharashtra Seamless

The LoA comprises of deployment of Jack-up Drilling Rig on charter hire contract for 3 years.

May 06, 2021 11:05 IST India Infoline News Service

Maharashtra Seamless has announced that Oil and Natural Gas Corporation Limited (ONGC) has issued the Letter of Award to Jindal Drilling & Industries Limited for the deployment of Jack-up Drilling Rig “Jindal Explorer” owned by the company.

The LoA comprises of deployment of Jack-up Drilling Rig on charter hire contract for 3 years.

At around 11.41 am, Maharashtra Seamless is trading at Rs293 per piece up by 1.4%. On the contrary, Jindal Drilling is performing at Rs96.80 per piece down by 1.2% on the same index. 

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