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4 FAQs about [Comoros 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.
Which offshore rigs are cold stacked?
The names included some of the largest offshore drilling companies in the world such as Valaris, Seadrill, Noble Corporation, Diamond Drilling, Pacific Drilling etc. Referring to asset retirements, this period saw many offshore rigs being cold stacked (complete deactivation of rigs) to save running costs.
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.