ONGC cancels jack up rig tenders, operators may pull out and choke offshore output

Cancelled tenders could push firms to exit India’s rigs

ONGC has cancelled multiple tenders for jack-up rigs, triggering alarm across India’s offshore drilling industry. Rig operators are reportedly considering withdrawing assets from the country, which could slow or disrupt domestic oil production and jeopardize future exploration plans. The move highlights how procurement decisions are now directly affecting capacity in the offshore sector.