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Ultra shallow water rig requirement-II: Private company wants a low cost solution
Mar 14: While ONGC's field development plan using an ultra shallow water jack up rig comes for a whopping Rs 600 crore, here is a private operator trying to conduct a three-well developing drilling programme using an ultra shallow water rig and attendant processing infrastructure with an initial capex of Rs 50 crore.
8Is it possible to pull it off with such a small price tag?
8The hiring process however has not been started yet
8RFQ for a jackup rig hire contract is expected in June, 2019
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