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Back-to-Back ONGC Deployments: The key to profits for desi rig companies – 6 Sep 2024

Sep 06, 2024

This offshore rig company finds ONGC to be a cash cow

And back to back contracts for three to five years is what brings in the cash

So much they earn more money when they are redeployed with ONGC at higher rates

If a rig is not employed with ONGC, it tries it very best to get it on contract with ONGC

Also know more on why ONGC is a preferred partner than Cairn or RIL

It is an easy cash flow model.

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