SAAG RR bags Rs 288 cr order from ONGC

Tuesday, April 22, 2008, 13:05 [IST]

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

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