Drilling Market Focus: NOCs and others drilling to meet demand in India

Local demand for natural gas, a string of moderate successes, and improvements in the regulatory environment are driving drilling operations in India. Click here to enlarge imageTwo of the largest finds in India in the last few years are Reliance Industries Ltd.’s deepwater gas discovery in the Krishna-Godavari (K-G) basin in October 2002 and Cairn Energy Ltd.’s gas and oil discoveries in Rajasthan in 2004-05 (Fig. 1).Oil and Natural Gas Corp. Ltd. (ONGC) is the largest and most active operator. The second-largest national company working domestically upstream is Oil India Ltd.ONGCIn December, ONGC had 30 offshore rigs drilling (24 jack ups, 5 drillships, 1 drilling barge) an...

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