Velesto will oversee the integration and optimisation of these systems on its drilling rigs, while NOV will provide technical support and training for local implementation and knowledge transfer.

Offshore drilling contractors are expecting India’s Oil & Natural Gas Corporation (ONGC) to soon resume its efforts to hire more shallow-water rigs following unsuccessful efforts earlier this year.

Velesto will oversee the integration and optimisation of these systems on its drilling rigs, while NOV will provide technical support and training for local implementation and knowledge transfer.

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The global drilling fleet is aging rapidly, compounded by years of underinvestment in new supply. This trend is especially evident in the jackup market, where a shortage of premium rigs is projected ...

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