ONGC signs pact with GE for exploratory drilling support – Feedback

Oil and Natural Gas Corp (ONGC) has awarded a multi-million dollar Frame Agreement to GE Oil & Gas, under which the US-based giant will support the state firm’s entire exploratory drilling campaign in shallow to medium waters for the next three years.

GE will provide an estimated 55 subsea wellheads (SG5) over three years for the operator’s offshore drilling campaign, GE said in a statement. GE has supplied ONGC with subsea production equipment for more than 30 years, including large-sized conductors, subsea wellheads and subsea trees for its offshore drilling and completion projects, the company said. Under the contract, the first wellhead will be supplied in the fourth quarter of 2016, with GE manufacturing part of the scope in India for the first time, in Kakinada, with engineering and project management support from regional teams in Singapore. Last year, GE had received a contract to supply subsea production systems to ONGC’s Vashishta (VA) and S-1 fields in the KG Basin.

About news

We take care of publishing the latest investment news and highlights for Feedback

Leave a Reply

Your email address will not be published. Required fields are marked *