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SAAG RR bags Rs 288 cr order from ONGC
New Delhi, Apr 22 (UNI) SAAG RR Infra Ltd today said it has secured orders from ONGC for charter hire of two offshore modular workover rigs valued at about Rs 288 crore for a tenure of three years.
The company in technical collaboration with SAAG Drilling and Well Services (SDWS) will provide and operate offshore modular conventional electric workover rigs in the country, a statement said.
SAAG
RR
Managing
Director
R
Sriram
said,
''We
are
pleased
to
have
secured
the
firm
order
from
ONGC
and
be
the
first
Indian
company
to
get
a
contract
from
ONGC
for
Charter
Hire
of
Offshore
Modular
Workover
Rig.
This
contract
is
a
major
break
through
for
SAAG
RR
and
with
this
our
order
book
currently
is
about
Rs
400
crores.'' UNI
PBB
BJR
KN1220
Comments
Story first published: Tuesday, April 22, 2008, 13:05 [IST]