MEIL will deliver 47 oil, gas rigs to ONGC worth $860 million

27 Aug 2021 CW Team

According to the sources, an infrastructure major, Megha Engineering and Infrastructures Ltd (MEIL), will deliver 47 oil and gas rigs worth $860 million to Oil and Natural Gas Corporation Ltd (ONGC) by the end of 2022.

Head of oil rigs of the diversified conglomerate, Kumar N K, said that currently, it has an order book of rigs and relevant equipment worth $1.5 billion and hoping $2 billion from domestic and international markets within three years.

The supply of 47 rigs is a 35-month programme, and the company got the contract through international bidding in 2019. By the end of the financial year (FY), the company can supply 20 rigs, and the other 27 rigs will be supplied by the end of 2022, he said.

He said that of the total 47 rigs, 20 are workover rigs, and 27 are land drilling rigs.

The first drilling rig, having advanced hydraulic technology and operations, completed oil well drilling of ONGC at Kaloi oil field near Dhamasana village.

As per Kumar, the 1500 HP land drilling rig can drill up to 4,000 metres (m) oil wells beginning from the surface.

The 47 rigs will be manufactured in India under the Atma Nirbhar Bharat Policies and supplied to ONGC in Assam, Andhra Pradesh, Gujarat, Tamil Nadu and Tripura.

Kumar said that MEIL, being a major oil and gas player in the country and worldwide, is now set to modernise its rigs and hopes to get a major business chunk in future.

He further added that oil and gas companies could save their time and resources if they deploy in MEIL's rigs.

Image Source

Also read: Govt aims speedy clearance of exploration activities

Infrastructure Urban

06 Jul 2026

ABS Marine Sees CRISIL Credit Rating Upgrade

ABS Marine Services has secured an upgrade to its long term and short term credit ratings from CRISIL, reflecting improved profitability and revenue growth through long term contracts. CRISIL moved the long term rating from BBB+/Stable to A-/Stable and revised the short term rating from A2 to A2+. The action signals strengthened financial metrics and operational resilience. The company benefited from durable client relationships with firms such as ONGC and Schlumberger. The rating decision followed stronger cash flows and an enlarged bank loan facility, which increased from Rs 3,705 million (m..

Project BRAHMANK Marks 16 Years Of Strategic Roads In Arunachal

Project BRAHMANK is marking 16 years of work to establish strategic road and bridge links across Arunachal Pradesh, maintaining and developing 811 kilometres of roads and nearly 86 bridges that range from small culverts to large steel and arch bridges. These transport links are described as critical for ensuring year-round movement of defence personnel, equipment and essential supplies while improving everyday travel for people in remote villages. The project balances national security requirements with regional development by focusing on reliable access in challenging terrain. Notable enginee..

Longleng CSOs Give One Week Ultimatum Over Two-Lane Highway

Civil society organisations (CSOs) in Longleng district have demanded immediate restoration of the deteriorating Changtongya–Longleng two-lane road and sought a detailed status report on the stalled construction within one week. The demand followed a consultative meeting convened under the Phom Peoples' Council (PPC) to discuss welfare and development concerns. PPC president YB Angam Phom said prolonged non-maintenance had caused hardship to commuters and affected transportation, local commerce and the district's development. The meeting urged authorities to undertake immediate restoration a..