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ONGC awarded three-year contracts for six jack-up drilling rigs to Shelf Drilling (two), Foresight Group International (two), Greatship India (one), and Jindal Drilling & Industries (one) at day rates between $42,402 and $46,371.
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.