MEIL to deliver $860 million worth 47 oil & gas rigs to ONGC by 2022 end

Megha Engineering & Infrastructures Limited (MEIL) is all set to deliver $ 860 million worth 47 oil and gas rigs to ONGC Limited by end of next year.

The supply of 47 rigs is a 35 month programme. MEIL had bagged the contract in 2019 through an international bidding process. The company will deliver 20 rigs by the end of this financial year. Another 27 will be delivered by the end of next calendar year.

Out of 47 Rigs, there are 20 Workover Rigs-(used to perform workover operations in a well) and 27 Land Drilling Rigs, he said.

The first rig which is equipped with advanced hydraulic technology and operational completed drilling of one oil well at Kalol oil field of ONGC, Dhamasana village.  This 1500 HP Land Drilling rig can easily drill oil wells to the depths of 4000 metres (4 kms) from the surface level.

The rigs are being manufactured under the government’s ‘Make in India’ and Atma Nirbhar Bharat Policies. MEIL claims to be the first private firm in the country to make and use the oil and gas extraction rigs with indigenous technology.

MEIL will be manufacturing and supplying the 47 rigs to ONGC Assets in Assam (Shib Sagar, Jorhat), Andhra Pradesh (Rajahmundry), Gujarat (Ahmedabad, Ankaleshwar, Mehsana and Cambay), Tripura (Agartala) and Tamil Nadu (Karaikal). MEIL which acquired Italy-based Drillmec, a specialist in oil and gas drilling, currently has manufacturing facilities for rigs in Hyderabad and Kakinada in Andhra Pradesh.

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