Under the three-year agreement, GE will provide an estimated 55 wellheads to support ONGC’s exploratory drilling campaign in shallow to medium waters off the east and west coast of India.
Ashish Bhandari, CEO, South Asia at GE Oil & Gas, said: “With India’s new energy policy and gas pricing policy in place we are seeing an uptick in ONGC’s exploration and development activity. This latest award will enable GE to support ONGC as its technical partner, collaborating to improve the region’s energy supply capabilities through the discovery of new fields offshore.”
The first wellhead under the contract is predicted to be supplied in the fourth quarter of 2016, with engineering and project management support from regional teams in Singapore, along with GE manufacturing part of the scope in Kakinada, India, for the first time.
Mr Bhandari added, “We have a long history with ONGC and are proud to be partnering with them to support their ambition of driving local oil and gas production. As well as the collaborative effort that will be involved, what is particularly exciting for us is that this Frame Agreement provides us with the opportunity to further develop a local talent pipeline and in-country supply base, through a steady and predictable volume.”
APMEN News, Oct 2016
