OIL's Rs 815 crore rig charter hire: What is going on? – 14 Jan 2025

The story around Oil India Ltd's Rs 815 crore investment in chartering one single rig is being watched with much fascination by industry analysts

It is the largest order ever given for an onland rig, and it meant to open up an entirely new basement level in the North East, at 6500 feet level.

Additionally, horizontal drilling is the big selling point, with displacements ranging between 2,000 to 3,000 meters and inclinations exceeding 55 degrees?

Find out what is going on with it, it is deployment time is a few days away