Jul 17: India has a larger number of active rigs than countries such as Saudi Arabia, Iraq and Kuwait.
8This is a surprising bit of statistics
8Countries which have a larger rig fleet than India are only the US, China, Canada, Venezuela, Iran and Russia
8Our in-house database of upcoming projects show that the rig numbers are going to go up, new areas are opened up for exploration and production.
8How is it that a large number of countries with lower rig counts produce more oil and gas than India does?
8Clearly this depends on a host of factors but one simple deduction is that our rig productivity rate are abysmally low
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