North-east to play role in deepwater India mega project

This analysis shows that both the Big Four companies -- Schlumberger, Halliburton, BHGE, and TechnipFMC – and the next 10 largest service companies out-grew the other service companies until the fourth quarter of 2015
This analysis shows that both the Big Four companies -- Schlumberger, Halliburton, BHGE, and TechnipFMC – and the next 10 largest service companies out-grew the other service companies until the fourth quarter of 2015

A partnership of Baker Hughes, a GE company (BHGE), McDermott International and L&T Hydrocarbon have won the £1.3 billion subsea engineering contract for India’s largest deepwater project.

The state-owned Oil and Natural Gas Corporation (ONGC) has awarded the work for 34 wells at the DWN-98/2 project in the Krishna Godavari basin off the country’s east coast.

BHGE’s base in Montrose will be used to manufacture the subsea trees for the 34 producing wells, along with a facility in Singapore.

The ONGC said it is the largest contract award of its kind in the world in recent years.

The project is expected to produce 16million cubic metres of gas per day at its peak, along with 80,000 barrels of oil per day.

Neil Saunders, president and CEO of oilfield equipment at BHGE said: “Today’s award represents an important milestone in support of ONGC and India’s commitment to help reach its energy potential.

“Built on a unique successful partnership model with McDermott and LTHE, the project will deliver leading technologies to ONGC across a full subsea scope

“As the industry moves toward greater collaboration across the value chain, we believe our technology and our unique commercial models are well-positioned to meet demand for future subsea projects.”

The project’s gas system is due for completion in 2020, followed by the oil system in 2021.

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