Jindal Wins Five-Year Contract from ONGC

Jindal Drilling has been awarded a contract for its newbuild cantilever offshore jackup, Virtue-1 from ONGC. The contract is for a five year term with a dayrate of US $148,000. The rig is currently under construction at Keppel Fels in Singapore and is scheduled to be delivered in December, 2008 and will be deployed for operations under this contract immediately thereafter.
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