24 Aug GE secures subsea deal with ONGC
India’s Oil and Natural Gas Corp (ONGC) has awarded a multimillion-dollar contract to GE Oil & Gas to provide an estimated 55 subsea wellheads over the next three years for ONGC’s offshore drilling campaign in India.
The first wellhead will be supplied in Q4 2016, with GE manufacturing part of the scope in India for the first time, with engineering and project management support teams in Singapore.
GE also has a multi-modal facility in Pune, established to support the country’s vision of self-sufficiency in manufacturing under its ‘Make in India’ plan.
Ashish Bhandari, CEO South Asia at GE 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.”
GE Oil & Gas was awarded a contract last year for the supply of subsea production systems to ONGC’s Vashishta (VA) and S-1 fields, found off of India’s Amalapuram coast, ONGC’s first step into deep water development in the country.