Acute rig shortage hits RIL, ONGC`s oil drilling operations

Abhineet Kumar / Mumbai July 29, 2008, 0:02 IST Reliance Industries and Oil & Natural Gas Corp (ONGC), two of India's biggest oil explorers, failed to benefit from record crude oil prices in the first six months of this year as the availability of rigs declined during the period. This, consequently, forced the companies to drill less.