MEIL to commission 15 oil, gas rigs for ONGC by May

Hyderabad: Megha Engineering and Infrastructures Limited (MEIL), which has secured an order from ONGC to supply 47 oil and gas rigs, expects commissioning of 15 of them by May end, a senior official of the company said on Tuesday.

The company has expedited the delivery of rigs and the handing over of a 2,000-HP land drilling rig to the Oil and Natural Gas Corporation’s (ONGC’s) asset in Bhimavaram, Rajahmundry, covering oil & gas prospects in the east and west Godavari Districts.

As of now, MEIL has supplied 10 land drilling rigs. While three of them are already operational, other seven rigs are in final stage of installation and commissioning and these rigs will be operational in 4-5 weeks across various onshore ONGC fields pan-India.

MEIL has also supplied first lot of five workover rigs to Mehsana, Ahmedabad, Ankleshwar, Agartala and Sibsagar ONGC fields. These are ready to begin operations. The second lot of five rigs are also under advanced stage of manufacturing.

K Satya Narayana, Technical Head, Rigs Project, MEIL, said, “As the Covid-19 is in endemic stage, we have expedited the manufacturing of rigs and their deliveries as promised. These state-of-the-art oil rigs will have the world’s best and most advanced hydraulic technology features. As the energy prices soar, the advanced rigs are very crucial for Indian energy sector to drill the oil and gas wells faster and increase the oil and gas production for domestic use.”

MEIL received an order for 47 rigs from the ONGC in a competitive bidding. Out of these, 20 are workover rigs, and 27 are land drilling rigs. The capacity of the 20 workover rigs ranges from 50 to 150 tonnes while the land drilling rigs have a capacity of 1500HP to 2000 HP.

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