AdvtBy ,ETEnergyWorldJoin the community of 2M+ industry professionals Subscribe to our newsletter to get latest insights & analysis. "Our major experience is on the drilling part. The company currently operates 37 offshore rigs and 66 onshore rigs, with plans to increase these numbers to over 40 offshore rigs and 75 onshore rigs by March.Exploration activities, according to Singh, carry substantial financial risks, with the cost of drilling each well potentially reaching Rs 600-800 crore due to complications. "Exploration is a very risky business. That's why we are looking for partners," he said, pointing out the strategic importance of partnerships in de-risking exploration efforts.

Source: Economic Times February 09, 2024 06:54 UTC