Shelf Drilling, Ltd. announced that it has received an award for a three-year contract for the J.T. Angel jack-up rig with Oil and Natural Gas Corporation (ONGC) for operations in the Mumbai High, offshore India. The planned start-up of operations is Q4 2021.
About Shelf Drilling
Shelf Drilling (OSE: SHLF) is a leading international shallow water offshore drilling contractor with rig operations across Middle East, Southeast Asia, India, West Africa and the Mediterranean. Shelf Drilling was founded in 2012 and has established itself as a leader within its industry through its fit-for-purpose strategy and close working relationship with industry leading clients. The company is incorporated under the laws of the Cayman Islands with corporate headquarters in Dubai, United Arab Emirates.
About ONGC
ONGC is the largest crude oil and natural gas producer in India, contributing around 76 per cent to Indian domestic production. During the financial year ended 31st March, 2020 (FY’20), ONGC Group had produced about 63 MMTOE (approx. 1.26 MMboe per day); the Consolidated Gross Turnover was INR 4,250 billion (about USD 60 billion) during FY’20 and total consolidated oil and gas reserves (2P) were 1,359 MMTOE as on 1st April 2020.