Late Rowan Louisiana begins ONGC contract

Vol 19, PW 18 (19 May 16) Exploration & Production

After a month's delay, Jindal Drilling jack-up Rowan Louisiana has finally mobilised to begin her three-year ONGC contract.

Louisiana reached location on May 13 to drill exploration well B-154-N at the Bassein gasfield. "Louisiana is being jacked up," confirms an industry source on May 13.

"Jindal has yet to receive a well plan with TD and other details." Tug vessel Greatship Ahalya began towing Louisiana from Mumbai Port at 5.40 am on May 12 and was expected to reach its location by 5pm the following day. ONGC issued a LoA for Louisiana on October 17, 2015 at an EDR of $47,744, giving her 180 days to mobilise.

She was meant to reach India by April 5 but rough weather en route to India delayed her arrival. Jindal hired vessel MV Osprey from Oslo-headquartered Offshore Heavy Transport to transport the rig which entered Indian waters on April 30 and reached Mumbai Port on May 1.

"Louisiana was being readied for the contract since then," we hear. As punishment for the delay, Jindal was forced to pay a penalty of $87,000/week to ONGC for five weeks.

Separately, Greatship rig Greatship Chitra, which began her three-year ONGC contract on April 6 at an EDR of $74,700/day, is drilling well D1M at Mumbai High in water depths of 24 metres. By May 13 Chitra had drilled 2230 metres of the 3237 metres TD.