Bharat Heavy Electrical Limited has received orders worth Rs. 900 crore from Oil and Natural Gas Corporation (ONGC) to supply six on-shore oil rigs.
The oil major has completed negotiations and is set to issue written orders by this month end, BHEL sources told PTI here on Thursday.
Four rigs will be for Sibsagar in the eastern region, one rig each for Krishna-Godavari Basin and Ankaleswar, they said adding that the first rig will be delivered to ONGC in 18 months from the date of order.
BHEL manufactures oil field equipment in collaboration with companies of USA like US Steel Engineers and Consultants (National Oil Well), Skytop Brewster, Branham Industries and IRI International, USA.
BHEL now has the capability to manufacture conventional deep drilling rigs up to depth of 9,000 meters, mobile rigs of depth 3,000 meters and well servicing rigs to a well depth of 6,100 meters, a senior official said.
“We have supplied 84 rigs to ONGC and OIL so far. They were deployed at various locations in the country. We are now taking up refurbishing work of the old rigs,” he said adding fresh order for rigs will be of different capacities.
Though BHEL is in to making onshore rigs, it may again manufacture deep sea oil rigs as the future appears to be promising with huge oil and gas reserves at KG Basin, the official said.