ONGC releases Actinia after well

Vol 13, PW 4 (30 Jul 09) News in Brief

Wishing to avoid controversy, ONGC this month decided not to extend its contract for Transocean-owned semi submersible Actinia – sub-let from Reliance - after it completed a well in the Krishna Godavari Basin.

“There would have been much hcontroversy if ONGC had agreed to keep Actinia,â€‌ says an industry source. “Unlike deepwater rigs there’s no scarcity of semi subs in the same water depth category asActinia.

â€‌ PETROWATCH learns ONGC released Actinia on or around July 17 after the rig had completed drilling a well to TD of 4000 metres in water depths of 350 metres at location KD-12 on the eastern offshore. ONGC tells usActiniawas mobilised on February 12 at a day rate of $285,000 right after she finished her assignment with Reliance.

“Actiniawas to be with us till July 1 when her contract with Reliance ended,â€‌ says an ONGC source, “or till completion of the â€کwell in progress’.â€‌ Transocean, it seems, failed to persuade ONGC to extend its contract forActinia.