SAAG RR Infra secures orders from ONGC
SAAG RR Infra Ltd has informed that the Company has secured the following contracts from Oil and Natural Gas Corporation Ltd via its Firm order dated April 17, 2008.
1. For Charter hire of offshore modular workover rig “SAAG Pacific”; and
2. For Charter hire of offshore modular workover rig “SAAG Saffron” (Collectively referred to as “the Contracts”).
Details of the Contracts
The Contracts are for a firm period of three years from the commencement date, which is 270 days from the date of the Firm order (April 17, 2008). The approximate value of the contracts is Indian Rupees 288 Crores for the three years tenure.
Further the Company has informed that, a press conference has been arranged on April 21, 2008 in this connection.
