Shelf Drilling, a leading global offshore drilling contractor, has recently been awarded a new contract in India with Oil and Natural Gas Corporation Limited (ONGC). This contract represents a significant milestone for Shelf Drilling as it continues to expand its presence in the Indian subcontinent.
The new contract with ONGC includes the provision of a jack-up drilling rig for a period of five years. This rig will be used for drilling operations in the Mumbai High, an oil and gas field located off the west coast of India. The rig is expected to start operations in the second quarter of 2021.
Shelf Drilling has a proven track record of providing safe, efficient, and reliable drilling services to its clients. With over 15 years of experience in the industry, the company has a fleet of 38 rigs and operates in key markets around the world.
The new contract with ONGC is a testament to the company`s commitment to providing high-quality drilling services that meet the needs of its clients. It also highlights the company`s focus on expanding its operations in India, a market that is experiencing significant growth in the oil and gas sector.
India is one of the world`s fastest-growing energy markets, with demand for energy expected to double by 2040. The country has ambitious plans to increase domestic oil and gas production to reduce its dependence on imports. This presents a significant opportunity for companies like Shelf Drilling to expand their operations and provide critical support to the Indian energy sector.
In addition to its commitment to providing high-quality services, Shelf Drilling is also committed to sustainable operations. The company has implemented a number of environmentally friendly practices across its operations, including the use of hybrid power systems on its rigs to reduce emissions and lower fuel consumption.
With its new contract with ONGC, Shelf Drilling is well-positioned to continue its growth in the Indian subcontinent. The company`s proven experience, commitment to safety and sustainability, and focus on providing high-quality services make it a valuable partner for clients in the region and beyond.