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Deep Industries has secured a ₹148 crore domestic contract from Oil India to deploy a 1000 HP mobile drilling rig in Assam and Arunachal Pradesh.
Deep Industries operates in oilfield services, offering drilling, gas compression, and project management solutions.
All about the deal: the contract will run for four years and involves hiring out a high-powered mobile drilling rig package for upstream exploration work.
Drilling rigs are used to dig deep into the earth to explore and extract crude oil or natural gas.
This contract helps Oil India increase exploration and production in the northeast, which is one of India’s key oil-producing regions.
