Oil and Natural Gas Corporation (ONGC) has inked a contract to hire a long-idled ultra- deepwater drillship of US-based Transocean for $ 412,000 amounting to Rs 2.39 crore per day. The company has hired ‘GSF Explorer’ drilling rig for one year beginning July. GSF Explorer was built in 1972 and upgraded in 1998, is capable of drilling up to 30,000 feet in water depths of up to 7,800 feet.
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