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Megha Engineering and Infrastructures hands over second oil rig to ONGC

Friday, 27 Aug 2021
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Megha Engineering and Infrastructures (MEIL) has delivered the second oil rig to the Oil and Natural Gas Corporation (ONGC), and another 21 rigs will be supplied to the state-owned firm by 2022.
The delivery is a part of the Rs 6,000 crore order MEIL had won from ONGC for the supply of 47 rigs. MIEL is the first private company in India to manufacture oil and gas extraction rigs with indigenous technology.
An oil rig is a structure with equipment for drilling an oil well. Outfitted with advanced hydraulic technology, the second rig is set to begin operations at an oil well near GGS-IV oil field near Kalol in Gujarat, under ONGC Ahmedabad Asset.
By March 2022, 23 rigs will be delivered to ONGC. The company aims to hand over all the 47 rigs at the earliest. 
MEIL is also planning to expand its overall business up to USD two billion in coming days by manufacturing indigenous rigs. It will manufacture and supply it in India and globally. 
The oil rigs manufactured by MEIL with advanced hydraulic technology dig oil wells faster and operate with minimal power. With a capacity of 1,500 HP, the rig can easily drill up to 4,000 mtr.  
The rig is expected to be operational for 40 years and comes with the most modern technology, even in terms of security standards. The indigenous component level in the advanced rigs is 50 percent at present, and will be increased to 90 percent over time. 
The second rig handed over to ONGC is manufactured with state-of-the-art hydraulic and automated technology. ONGC will benefit from these advanced rigs built with cutting-edge technology. 
MEIL will manufacture and deliver the rigs to ONGC Assets in Assam (ShibSagar, Jorhat), Andhra Pradesh (Rajahmundry), Gujarat (Ahmedabad, Ankleshwar, Mehsana and Cambay), Tripura (Agartala) and Tamil Nadu (Karaikal). 
ONGC's order of 47 rigs comprises 20 workover rigs and 27 land drilling rigs. The 20 workover rigs include 12 with a capacity of 50 tonne, four of 100 tonnecapacity, and another four with 150 MT capacity. 
The rigs can operate at -65 degrees also. These rigs are completely automated and have high efficiency and performance. These rigs are very flexible in transportation and can be moved to any location easily.
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