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The MN-DW18-1-H-D well is the first in the Mahanadi Basin under ONGC’s Samudra Manthan campaign.
RIG secures an $80 million Equatorial Guinea deal, keeping Deepwater Conqueror contracted after its Gulf of Mexico assignment ends.
The investment will fund the drilling of 87 wells by March 2031, according to ONGC chairman and CEO A K Singh.
India is increasingly sourcing crude from a wider range of suppliers as price and Middle East supply disruptions reshape its oil imports.
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