GE Oil & Gas Secures Wellhead Services Contract with ONGC
GE Oil & Gas has secured a multi-million dollar frame agreement with Oil and Natural Gas Corporation Limited (ONGC), India’s largest exploration and production company.
Under the agreement, GE will provide an estimated 55 subsea wellheads over next three years for the operator’s offshore drilling campaign, in shallow to medium waters offshore India.
The first wellhead under the contract will be supplied in the fourth quarter of this year, with GE manufacturing part of the scope in India for the first time, in Kakinada, with engineering and project management support from regional teams in Singapore. The deal follows a contract awarded to GE Oil & Gas last year, for the supply of subsea production systems to ONGC’s Vashishta (VA) and S-1 fields, located off India’s Amalapuram coast in the KG Basin.
“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,” said Ashish Bhandari, CEO-South Asia at GE Oil & Gas.
“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,” he added.
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