# 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.

- Type: Contract
- Announced: 2017-11-15
- Where: India
- Status: announced
- Products: oil-drilling rigs
- Sectors: [Mining Equipment](https://endata.com/sectors/mining-equipment.md)

## Companies

- [Greatship (India)](https://endata.com/companies/28182.md)
- [ONGC](https://endata.com/companies/4111.md) (customer)

## Sources

- [thehindubusinessline.com](https://www.thehindubusinessline.com/economy/logistics/great-eastern-shippings-offshorearm-wins-rig-contracts-from-ongc/article9962586.ece), 2017-11-15: "The eight-rig tender being finalised by India’s biggest State-run oil explorer saw daily rates plunge 'very significantly' from the previous contract."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.