ONGC hires drilling rig for Rs 2.39 cr/day State-owned Oil and Natural Gas Corp has signed a contract to hire a long-idled ultra- deepwater drillship of US-based Transocean for $412,000 (about Rs 2.39 crore) per day. ONGC hired ‘GSF Explorer’ drilling rig for one year beginning July at a dayrate of USD 412,000. GSF Explorer is capable of drilling up to 30,000 feet in water depths of up to 7,800 feet. GSF Explorer was built in 1972 and upgraded in 1998. ONGC plans to use the rig to appraise discoveries it had made in a Krishna Godavari basin block KG—DWN—98/2, which sits next to Reliance Industries’ production KG—DWN—98/3 or KG—D6 gas blocks. The company has so far made 9 discoveries including the ultra—deep sea UD—1 find. Without including the UD—1 find, the block holds at least 4.85 trillion cubic feet of gas reserves that can produce a peak of 22 million standard cubic metres per day of production by 2016—17. Sources said ONGC has planned eight wells on the block this year.
Posted on: Tue, 18 Jun 2013 18:02:48 +0000
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