About Australia jindal drilling rig manufacturer
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6 FAQs about [Australia jindal drilling rig manufacturer]
Who is Jindal drilling & Industries Ltd?
Jindal Drilling & Industries Ltd (JDIL) is a service provider in the upstream segment of the offshore oil & gas industry. The company provides rigs on charter hire basis to ONGC (which is its sole client as of date). The Co. is part of the DP Jindal group which also operates Maharashtra Seamless Ltd.
How many jackup rigs does Jindal drill?
JDIL operates 5 jackup rigs which are currently with ONGC. A jackup rig is a specific type of an oil rig which drills oil from the earth’s surface. These rigs can be located either on land (onshore) or water (offshore). Jindal Drilling has a fleet of jack up rigs dedicated to offshore drilling which extracts oil from shallow water ocean beds.
Why did Jindal drilling & industries acquire Jack-up rig Jindal pioneer?
Jindal Drilling & Industries has acquired jack-up rig Jindal Pioneer from Discovery Drilling, Singapore, (a joint venture of the Company), at a consideration of USD 75 million. The said acquisition is funded by internal accruals and it shall improve operational synergies, increase scale of operations and profitability of the Company.
Who owns Jindal pioneer rig?
Purchase optionality in Jindal Pioneer: Jindal Pioneer is owned by JDIL’s JV entity Discovery Drilling where Jindal owns a 49% share of the JV. The rig is currently on rent with Saipem and is deployed in Mexican waters at a bareboat charter of $35k per day which will increase to $40k by Jan 2025.
Who owns jdil jackup rigs in Maharashtra?
The Co. is part of the DP Jindal group which also operates Maharashtra Seamless Ltd. JDIL operates 5 jackup rigs which are currently with ONGC.
Who owns Jack-up rigs in India?
The primary players in India’s jack-up rigs market include Shelf Drilling, a global MNC currently operating 9 jack-up rigs; Jindal Drilling, which owns 4 rigs outright or through JVs/related parties and operates 5 rigs; and Greatship India Limited, a subsidiary of GE Shipping, which owns and operates 4 rigs.


