#rigcontractsindia

India’s upstream oil and gas sector is witnessing renewed momentum — and Indian Rig Contracts are at the heart of this transformation. As exploration and production (E&P) companies push deeper into both onshore and offshore territories, understanding who is contracting, drilling, and operating where has never been more critical. This is where Indian Petroplus steps in. India’s most comprehensive intelligence platform for the energy and fertilizer ecosystem, Indian Petroplus offers exclusive, real-time insights into rig deployments, tender activity, contractor performance, and upcoming drilling opportunities. Whether you are an equipment supplier, a service provider, or an investor seeking clarity on India’s rig landscape, Petroplus gives you the edge. The Indian Rig Contracts section on Indian Petroplus tracks: Active and upcoming rig tenders by ONGC, OIL, and private operators Contract renewals, extensions, and daily rig rates Regional trends in offshore and onshore drilling Performance analytics on key contractors and equipment utilizatio With domestic exploration picking up pace and the government emphasizing import reduction, visibility into the rig contracting pipeline is crucial for strategic decision-making. Subscribers to Indian Petroplus gain access not only to data but also to contextual intelligence — connecting projects, policies, and pricing in one integrated view. Join thousands of professionals who rely on Indian Petroplus for actionable energy insights. Stay ahead of India’s evolving rig contracting market — because in energy, timing is everything,Indian Rig Contracts, Rig Contracts India, Energy Sector India, RigTenders India, Energy Projects India, Rig Deals India.

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The Indian oil and gas industry continues to witness a surge in exploration and production activity, driving higher demand for Indian rig contracts across both offshore and onshore segments. Rig hiring remains a critical element for exploration companies as they expand drilling programs to tap into new reserves and sustain production from existing fields. With India focusing on increasing domestic oil and gas output, rig demand is expected to rise steadily in the coming years. Indian rig contracts cover a wide spectrum of assets, including jack-up rigs, land rigs, semi-submersibles, and drillships. National oil companies such as ONGC and Oil India, along with private players, are actively floating tenders for rig services. These contracts typically involve long-term commitments to ensure cost efficiency and operational reliability. The emphasis is on modern rigs with advanced technology, safety standards, and improved fuel efficiency to optimize drilling operations. Recent developments in the upstream sector have shown a notable increase in tendering activity. Deepwater exploration projects, coal-bed methane development, and shale gas prospects are generating fresh demand for rigs. Moreover, India’s strategic policy of reducing import dependency on crude oil by enhancing domestic production has created a favorable environment for rig contractors and service providers. Key global players and domestic contractors are competing for Indian rig contracts, offering competitive pricing and cutting-edge drilling solutions. Companies are also focusing on digitalization and automation in rig operations, enhancing productivity while reducing downtime. Industry analysts, including Indian Petroplus, highlight that rig demand will remain robust, particularly in offshore basins like the Krishna-Godavari, Mumbai High, and Mahanadi. The government’s supportive policies under the Hydrocarbon Exploration and Licensing Policy (HELP) and Open Acreage Licensing Policy (OALP) have further boosted upstream investments, indirectly fueling the rig market. In addition, the global energy transition has encouraged operators to explore rigs that are energy-efficient and environmentally compliant. Contractors offering sustainable drilling solutions are gaining preference in the competitive bidding process,  Indian Rig Contracts, Rig Contracts India, Energy Sector India, Rig Tenders India, Energy Projects India, Rig Deals India, IndianPetrplus.

India's upstream oil and gas sector is witnessing steady activity in rig contracting, driven by intensified exploration and development efforts by major players like ONGC, Oil India Ltd, and private operators. In FY 2024–25, ONGC has been the most active in issuing rig tenders, including long-term contracts for both onshore and offshore drilling. Recent awards include jack-up rigs and floater contracts for deepwater and shallow water drilling in the Mumbai Offshore Basin and KG Basin. Dynamic positioning rigs with enhanced capabilities are being favored to meet complex reservoir targets. Onshore rig demand remains strong in Assam, Rajasthan, and Cambay regions. ONGC floated tenders for over 20 onshore rigs for exploratory and development wells across multiple assets. Oil India Ltd has also contracted rigs for its Assam and Arunachal Pradesh blocks, focusing on development drilling and CBM operations. Meanwhile, private E&P players like Vedanta and HOEC are engaging rigs for fields under Discovered Small Field (DSF) rounds and Production Enhancement Contracts (PECs). India’s rig contracting trend is shifting toward longer duration contracts, efficiency-linked performance models, and greater local content. The increasing demand for mobile land rigs and high-horsepower units reflects the deeper and more complex drilling programs underway. International drilling contractors like Shelf Drilling, Aban Offshore, and Jindal Drilling have maintained a strong presence in offshore projects. India is also enhancing safety and operational standards in rig operations, with the Directorate General of Hydrocarbons (DGH) emphasizing strict compliance and real-time monitoring. As Indian operators continue their exploration and production expansion, rig contracts are expected to grow, supported by favorable government policies, rising domestic energy demand, and improved E&P investment climate, Indian Rig Contracts, Rig Contracts India, Oil And Gas India, India Oil And Gas, Upstream India, Oil field Contracts, Indianpetroplus.

The Indian rig contracts market continues to witness steady activity driven by upstream exploration and development programs by major national oil companies like ONGC and OIL, as well as private sector players such as Vedanta and Reliance Industries. Indian rig contracts cover both onshore and offshore drilling operations, with an increasing focus on high-spec rigs capable of operating in deepwater and challenging geological terrains. In recent months, ONGC has floated multiple tenders for jack-up rigs and land rigs, signaling a revival in drilling campaigns across the Krishna-Godavari basin, Mumbai Offshore, and onshore assets in Assam and Gujarat. Indian rig contracts are increasingly incorporating digital rig monitoring, automated drilling systems, and stringent environmental compliance clauses, reflecting global best practices. This shift is helping boost efficiency, reduce downtime, and enhance safety Meanwhile, international rig contractors such as Shelf Drilling, Saipem, and Aban Offshore continue to maintain a strong footprint in Indian offshore blocks. Several of these players have secured long-term Indian rig contracts in 2024 and 2025, especially for projects in deepwater zones of the east coast. Indian Petroplus reports that the demand for rig services is set to increase with India’s ambition to raise domestic oil and gas production under the Hydrocarbon Vision 2040. The Indian rig contracts market is expected to remain competitive, with new opportunities emerging under Open Acreage Licensing Policy (OALP) blocks. Indian Petroplus continuously tracks upcoming rig tenders, contract extensions, and award details across the E&P value chain. With increasing exploration spending and government support for energy self-sufficiency, the Indian rig contracts segment is poised for robust growth in the coming years, Indian Rig Contracts, Rig Contracts India, Oil And Gas India, India Oil And Gas, Upstream India, Oil field Contracts, IndianPetroplus.

India's rig contracts market remains dynamic with steady demand from both onshore and offshore segments. Key players like ONGC, OIL India, and private operators continue awarding contracts for jack-up, land, and deepwater rigs to meet exploration and development targets. Recent tenders focus on high-spec rigs with enhanced safety and efficiency features. Global drilling contractors such as Aban Offshore, Shelf Drilling, and Halliburton are active in Indian waters. The demand is driven by renewed upstream activity, marginal field development, and CBM block exploration. Upcoming contracts aim to boost domestic oil and gas production under India's energy security and import reduction strategy, Indian Rig Contracts, Rig Contracts India, Oil And Gas India, India Oil And Gas, Up stream India, Oil field Contracts, IndianPetroplus. 

India's upstream oil and gas sector is witnessing steady activity in rig contracting, driven by intensified exploration and development efforts by major players like ONGC, Oil India Ltd, and private operators. In FY 2024–25, ONGC has been the most active in issuing rig tenders, including long-term contracts for both onshore and offshore drilling. Recent awards include jack-up rigs and floater contracts for deepwater and shallow water drilling in the Mumbai Offshore Basin and KG Basin. Dynamic positioning rigs with enhanced capabilities are being favored to meet complex reservoir targets. Onshore rig demand remains strong in Assam, Rajasthan, and Cambay regions. ONGC floated tenders for over 20 onshore rigs for exploratory and development wells across multiple assets. Oil India Ltd has also contracted rigs for its Assam and Arunachal Pradesh blocks, focusing on development drilling and CBM operations. Meanwhile, private E&P players like Vedanta and HOEC are engaging rigs for fields under Discovered Small Field (DSF) rounds and Production Enhancement Contracts (PECs). India’s rig contracting trend is shifting toward longer duration contracts, efficiency-linked performance models, and greater local content. The increasing demand for mobile land rigs and high-horsepower units reflects the deeper and more complex drilling programs underway. International drilling contractors like Shelf Drilling, Aban Offshore, and Jindal Drilling have maintained a strong presence in offshore projects. India is also enhancing safety and operational standards in rig operations, with the Directorate General of Hydrocarbons (DGH) emphasizing strict compliance and real-time monitoring. As Indian operators continue their exploration and production expansion, rig contracts are expected to grow, supported by favorable government policies, rising domestic energy demand, and improved E&P investment climate, Indian rig contracts, Indian Rig Contracts, Rig Contracts India, Energy Sector India, Rig Tenders India, Energy Projects India, Indianpetro plus, Rig Deals India.

Indian rig contracts continue to see robust activity, driven by increased exploration and production efforts across onshore and offshore blocks. Major players like ONGC, OIL India, and Cairn are awarding contracts for jack-up rigs, land rigs, and workover units. Recent tenders focus on long-term drilling campaigns, including HPHT and deepwater wells. Private operators and MNCs are also engaging domestic and international rig contractors. Enhanced oil recovery (EOR) projects and CBM drilling are contributing to rig demand. The Indian rig market outlook remains positive, with growing investment, supportive policies, and technological upgrades boosting contract opportunities across the upstream energy segment, Indian rig contracts, Rig Contracts India, Oil And Gas India, India Oil And Gas, Upstream India, Oil field Contracts, Indianpetroplus.