ONGC looking for tie-ups in rigs development

State-owned ONGC is looking for partnership for the development of its explored rigs, the company’s Director Technical & Field Services, Om Prakash Singh said.

“Our major experience is on drilling part. We are very comfortable on drilling. We are looking for a reputed partner for technology sharing,” Singh said on the sidelines of the India Energy Week.

ONGC is engaging with numerous technology partners, including Schlumberger and Halliburton, to explore a tie up primarily focusing on offshore rig development owing to the escalating costs.