About Dominican jindal drilling rig manufacturer
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6 FAQs about [Dominican jindal drilling rig manufacturer]
Who is Jindal drilling & Industries Ltd?
Jindal Drilling & Industries Ltd (JDIL) is a service provider in the upstream segment of the offshore oil & gas industry. The company provides rigs on charter hire basis to ONGC (which is its sole client as of date). The Co. is part of the DP Jindal group which also operates Maharashtra Seamless Ltd.
How many jackup rigs does Jindal drill?
JDIL operates 5 jackup rigs which are currently with ONGC. A jackup rig is a specific type of an oil rig which drills oil from the earth’s surface. These rigs can be located either on land (onshore) or water (offshore). Jindal Drilling has a fleet of jack up rigs dedicated to offshore drilling which extracts oil from shallow water ocean beds.
Who bought Jindal pioneer Jack-up rig?
Jindal Drilling and Industries advanced 2.62% to Rs 628 after its board approved to purchase jack-up rig 'Jindal Pioneer' from Discovery Drilling Pte., Singapore at a consideration of $75 million. Discovery Drilling Pte., Singapore is a joint venture of company of Jindal Drilling and Industries.
What does DP Jindal do?
The company said that it shall improve operational synergies, increase the scale of operations and profitability. Jindal Drilling and Industries, part of the Dharam Pal Jindal Group (DP Jindal Group), is a leading Indian company in offshore drilling and allied services, including directional drilling and mud logging.
Who owns Jindal pioneer rig?
Purchase optionality in Jindal Pioneer: Jindal Pioneer is owned by JDIL’s JV entity Discovery Drilling where Jindal owns a 49% share of the JV. The rig is currently on rent with Saipem and is deployed in Mexican waters at a bareboat charter of $35k per day which will increase to $40k by Jan 2025.
Who owns jdil jackup rigs in Maharashtra?
The Co. is part of the DP Jindal group which also operates Maharashtra Seamless Ltd. JDIL operates 5 jackup rigs which are currently with ONGC.