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ONGC on a rig acquisition spree: Will the space for third party providers get squeezed?
Jun 27:
At one point in time, there was a big debate over whether ONGC should have its own onland rigs or should it deploy third-party rigs
8The conversation has changed since then
8ONGC is going to be on a rig acquisition spree and that is going to diminish the space for third party suppliers
8There has been mushrooming however of private E&P companies but their footprints are small and they are unlikely to provide the cushion to third-party suppliers that ONGC could
Click on Reports for more.
Also here is a list of projects where ONGC has decided to use its own rigs as of now
Rs 600 Drilling Field Development: Owner to deploy own rigs
8Project Name: Drilling Field Development
8Project Cost: Rs 600 crore
8Project Description: A decision has finally been taken to use owner owned rigs instead of hiring them from third parties. Further RFQs for cementing services, Mobilisation services and equipment like Mobile ETP, Casing Pipes, Drill Bits are expected shortly.
8Project Event: RFQs for the hiring of Oil field services are expected by November 2018.
RFQs for the hiring of equipment are expected by December 2018.
8Expenditure Approval: Q3/2017
8RFQ Date: Nov/2018
8Release Date: Feb/2019
8Start Date: Q4/2019
8Completion Date: Dec/2021
Click here for more detailsRs 450 crore oil field developent: Owner owned rigs to be deployed
8Project Name: Oil Field Development
8Project Cost: Rs 450 crore
8Project Description: The Promoter is planning exploratory drilling of 16 wells. Promoter owned drilling rigs are proposed to be deployed for undertaking drilling activities. The project requirement will be Drill Pipes, Drill Collars, Drill Bits, Casing Pipes, Directional drilling services, Blow Out Preventer (BOP), Cementing services and Drilling fluids services. An EIA consultant has already been hired for the project. Further RFQs are expected shortly.
8Project Event: RFQ for the hiring of equipment and oilfield chemicals are expected by Q4:2018.
8Expenditure Approval: Q1/2018
8RFQ Date: Q4/2018
8Release Date: Q4/2018
8Start Date: Feb/2020
8Completion Date: Dec/2021
Click here for more details
Click on Reports also for more
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8The conversation has changed since then
8ONGC is going to be on a rig acquisition spree and that is going to diminish the space for third party suppliers
8There has been mushrooming however of private E&P companies but their footprints are small and they are unlikely to provide the cushion to third-party suppliers that ONGC could
Click on Reports for more.
Also here is a list of projects where ONGC has decided to use its own rigs as of now
Rs 600 Drilling Field Development: Owner to deploy own rigs
8Project Name: Drilling Field Development
8Project Cost: Rs 600 crore
8Project Description: A decision has finally been taken to use owner owned rigs instead of hiring them from third parties. Further RFQs for cementing services, Mobilisation services and equipment like Mobile ETP, Casing Pipes, Drill Bits are expected shortly.
8Project Event: RFQs for the hiring of Oil field services are expected by November 2018.
RFQs for the hiring of equipment are expected by December 2018.
8Expenditure Approval: Q3/2017
8RFQ Date: Nov/2018
8Release Date: Feb/2019
8Start Date: Q4/2019
8Completion Date: Dec/2021
Click here for more detailsRs 450 crore oil field developent: Owner owned rigs to be deployed
8Project Name: Oil Field Development
8Project Cost: Rs 450 crore
8Project Description: The Promoter is planning exploratory drilling of 16 wells. Promoter owned drilling rigs are proposed to be deployed for undertaking drilling activities. The project requirement will be Drill Pipes, Drill Collars, Drill Bits, Casing Pipes, Directional drilling services, Blow Out Preventer (BOP), Cementing services and Drilling fluids services. An EIA consultant has already been hired for the project. Further RFQs are expected shortly.
8Project Event: RFQ for the hiring of equipment and oilfield chemicals are expected by Q4:2018.
8Expenditure Approval: Q1/2018
8RFQ Date: Q4/2018
8Release Date: Q4/2018
8Start Date: Feb/2020
8Completion Date: Dec/2021
Click here for more details
Click on Reports also for more
