Business Standard

D P Jindal group acquires new jack-up oil rig

Image

Press Trust of India Singapore
A robust jack-up drilling rig designed to meet the unique requirements of offshore India's harsh environment has been built at a shipyard here for D P Jindal group.

The rig built for Star Drilling Pte Ltd, an associate company of India's D P Jindal group is capable of operating in water depths of 350 feet and drilling down to 30,000 feet.

Named 'Jindal Explorer', the rig incorporates Keppel's advanced and fully-automated high capacity rack, pinion elevating system and Self-Positioning Fixation System, said rig builder Keppel FELS in a statement today.

"We are glad to add Jindal Explorer to our fleet of high specification jack-up rigs. It is tailored to meet the stringent needs of our customers and I am confident that it will be successful wherever it is deployed," Raghav Jindal, Director of D P Jindal Group said.
 

"We are pleased to deliver a third KFELS B Class jack-up rig to Jindal and support their growth as the leading drilling operator in India," Wong Kok Seng, Managing Director of Keppel O&M (Offshore) and Keppel FELS said.

According to the Oil & Gas Journal (OGJ), India has nearly 5.7 billion barrels of proven oil reserves at the beginning of 2014 of which 56 per cent are offshore.

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Dec 02 2014 | 7:30 PM IST

Explore News