Business Standard

Megha Engg hands over India-made oil rigs to ONGC

- TWESH MISHRA New Delhi, 26 August

Megha Engineerin­g and Infrastruc­ture (MEIL) handed over an indigenous­ly built oil and gas rig to Oil and Natural Gas Corporatio­n (ONGC) on Thursday. This is part of a ~6,000-crore tender bagged by MEIL in 2019 to supply 47 rigs to ONGC.

ONGC’S order of

47 rigs to MEIL comprises 20 workover rigs and 27 land-drilling rigs.

According to MEIL officials, the first such rig was handed over in April, while the second was delivered on Thursday. By March 2022, it is going to deliver 23 rigs to ONGC. Presently, 14 rigs are being transporte­d to different locations across the country.

To aid the developmen­t of these rigs, MEIL took over an Italian company, Drill Mac, in January 2019. “These automated rigs are using advanced hydraulic technology acquired from the takeover of Drill Mac,” the MEIL officials added.

“Until recently, India was mostly dependent on oil and fuel extraction rigs imports, but MEIL has significan­tly boosted domestic rig manufactur­ing capacity,” said N Krishna Kumar, head, oil rigs division, MEIL. This rig is set to begin operations at KLDDH oil well near GGS-IV oil field in Dhamasana village Near Kalol in Gujarat, under ONGC Ahmedabad Asset. “It drills oil wells faster and operates with minimal power. With a capacity of 1,500 HP, the rig can drill up to 4,000 metres. The rig is expected to be operationa­l for 40 years,” a statement said.

“The indigenous component level in the advanced rigs is 50 per cent, which will be increased to 90 per cent over time,” the statement added.

MEIL said it will manufactur­e and deliver the rigs to ONGC assets in Assam (Shib Sagar, Jorhat), Andhra Pradesh (Rajahmundr­y), Gujarat (Ahmedabad, Ankleshwar, Mehsana and Cambay), Tripura (Agartala) and Tamil Nadu (Karaikal).

 ??  ?? THIS IS PART OF A ~6,000-CRORE TENDER BAGGED BY MEIL IN 2019 TO SUPPLY 47 RIGS TO ONGC
THIS IS PART OF A ~6,000-CRORE TENDER BAGGED BY MEIL IN 2019 TO SUPPLY 47 RIGS TO ONGC

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