Greatship wins three-year rig contracts from ONGC

Greatship (India), the offshore subsidiary of Great Eastern Shipping, won three-year contracts from ONGC for two oil-drilling rigs. The daily rate dropped from about $45,000 to about $26,000.

“The eight-rig tender being finalised by India’s biggest State-run oil explorer saw daily rates plunge 'very significantly' from the previous contract.”thehindubusinessline.com

• 1 source
• thehindubusinessline.comGreat Eastern Shipping’s off-shore arm wins rig contracts from ONGC - The HinduBusinessLineNov 15, 2017

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