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Hyderabad-based Megha Engineering & Infrastructures Ltd (MEIL), the diversified infrastructure firm, has handed over an indigenously constructed oil and gasoline drilling rig to the Oil and Pure Gasoline Company (ONGC) in Gujarat on Thursday. That is a part of a ₹6,000-crore tender bagged by MEIL in 2019 to produce 47 rigs to the ONGC’s order of 47 rigs comprising 20 workover rigs and 27 land drilling rigs.
By March subsequent, the corporate is ready to ship 23 rigs to the ONGC with 14 now in transportation to areas throughout India. As per the association, the MEIL will manufacture and ship the rigs to ONGC belongings in Assam (Shib Sagar, Jorhat), Andhra Pradesh (Rajamahendravaram), Gujarat (Ahmedabad, Ankleshwar, Mehsana and Cambay), Agartala (Tripura) and Tamil Nadu (Karaikal).
After getting a contract from the ONGC to fabricate 47 rigs, the corporate had purchased out an Italian firm, Drill Mac, in 2019. “These automated rigs are utilizing superior hydraulic know-how acquired from the takeover of Drill Mac,” the MEIL officers mentioned on the website whereas handing over the rig to ONGC oil discipline close to Gandhinagar on Thursday.
“Till just lately, India was principally depending on oil and gasoline extraction rigs imports, however MEIL has considerably boosted home rig manufacturing capability,” mentioned N. Krishna Kumar, Head-Oil Rigs Division of MEIL.
“The brand new rig developed with state-of-the-art know-how and manufactured in India drills oil wells sooner and operates with minimal energy. With a capability of 1,500 HP, the rig can simply drill as much as 4,000 metres. The rig is predicted to be operational for 40 years,” a MEIL assertion mentioned.
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