OIL and Dolphin Drilling signs contract for hiring of Blackford Dolphin

Oil India Limited (OIL), India's oldest oil and gas company and the youngest Maharatna CPSE, signed a contract with Dolphin Drilling Limited, Norway, a leading drilling contractor for the offshore oil & gas industry, for the hiring of the 'Anchor Moored Semi-Submersible Drilling Unit Blackford Dolphin' on July 22, 2024, in Delhi.

The contract was signed by the CEO of Dolphin Drilling and the General Manager (C&P) of OIL in presence of the Chairman & Managing Director of OIL along with Functional Directors and senior officials of OIL and Dolphin Drilling Limited. The Blackford Dolphin will be deployed for drilling in Andaman Offshore Blocks to undertake exploration activities in the block.

Shares of Oil India Limited was last trading in BSE at Rs. 571.35 as compared to the previous close of Rs. 584.90. The total number of shares traded during the day was 657736 in over 22156 trades.

The stock hit an intraday high of Rs. 579.90 and intraday low of 556.50. The net turnover during the day was Rs. 373252300.00.

Source : Equity Bulls

Keywords

OilIndia INE274J01014 DolphinDrilling Contract BlackfordDolphin