MEIL-made India鈥檚 first indigenous hydraulic rig begins ops
08 Apr 2021
2 Min Read
Editorial Team
Hyderabad-based Megha Engineering and Infrastructures Limited (MEIL) achieved a milestone by manufacturing rigs for the oil and gas industry with indigenous know-how. The first of the rigs designed with advanced hydraulic technology began operations in the KLDDX oil well in Kalol oil field near Ahmedabad on Monday.
MEIL secured an order from ONGC in a tendering process in 2019 to manufacture and supply 47 drilling rigs worth Rs 6,000 crore. MEIL has now deployed the first of those rigs of this order in an oil field near Ahmedabad and successfully commenced the operations. The remaining 46 rigs are in various stages of manufacturing. Of these rigs, 20 are work-over rigs, and 27 are land drilling rigs.
The work-over rigs are used to extract the deposits from already drilled oil wells and enhance productivity and repair the well. Ordinary oil rigs do not serve this purpose. The state-of-the-art land drilling rigs drill deep into the layer of earth to existing oil reserves. These rigs can dig to depths between 1,500 m and 6,000 m, as against regular rigs that can dig up to 1,000 m. Twelve of the 20 work-over rigs are automated with a capacity of 50 MT, four are 100 MT capacity, and the remaining four are 150 MT capacity rigs.
Of the 27 land drilling rigs, two are mobile hydraulic rigs with a capacity of 1,500 HP each, while 17 have a capacity each of 1,500 HP AC VFD. The other six rigs are of 2,000 HP capacity each.
Two MEIL-designed rigs, with a capacity of 2,000 HP each, can drill up to 6,000 m. This is the first time rigs with that capability have been produced in India.
The 1,500 HP capacity rigs can easily drill oil wells to a depth of 4,000 m, the company stated. 鈥淭he rig drills oil wells faster and operates with minimal power, and manufactured with state-of-the-art hydraulic and automated technology,鈥� P Rajesh Reddy, VP, MEIL, told CW. 鈥淭he rigs can work for the next 40 years.鈥�
Of the 46 rigs currently under manufacturing, two rigs are in the assembly stage in the Rajahmundry oil field in Andhra Pradesh. MEIL will supply the rest to ONGC-related oil fields in Assam, Tripura and Tamil Nadu.
Image courtesy: MEIL
Hyderabad-based Megha Engineering and Infrastructures Limited (MEIL) achieved a milestone by manufacturing rigs for the oil and gas industry with indigenous know-how. The first of the rigs designed with advanced hydraulic technology began operations in the KLDDX oil well in Kalol oil field near Ahmedabad on Monday.
MEIL secured an order from ONGC in a tendering process in 2019 to manufacture and supply 47 drilling rigs worth Rs 6,000 crore. MEIL has now deployed the first of those rigs of this order in an oil field near Ahmedabad and successfully commenced the operations. The remaining 46 rigs are in various stages of manufacturing. Of these rigs, 20 are work-over rigs, and 27 are land drilling rigs.
The work-over rigs are used to extract the deposits from already drilled oil wells and enhance productivity and repair the well. Ordinary oil rigs do not serve this purpose. The state-of-the-art land drilling rigs drill deep into the layer of earth to existing oil reserves. These rigs can dig to depths between 1,500 m and 6,000 m, as against regular rigs that can dig up to 1,000 m. Twelve of the 20 work-over rigs are automated with a capacity of 50 MT, four are 100 MT capacity, and the remaining four are 150 MT capacity rigs.
Of the 27 land drilling rigs, two are mobile hydraulic rigs with a capacity of 1,500 HP each, while 17 have a capacity each of 1,500 HP AC VFD. The other six rigs are of 2,000 HP capacity each.
Two MEIL-designed rigs, with a capacity of 2,000 HP each, can drill up to 6,000 m. This is the first time rigs with that capability have been produced in India.
The 1,500 HP capacity rigs can easily drill oil wells to a depth of 4,000 m, the company stated. 鈥淭he rig drills oil wells faster and operates with minimal power, and manufactured with state-of-the-art hydraulic and automated technology,鈥� P Rajesh Reddy, VP, MEIL, told CW. 鈥淭he rigs can work for the next 40 years.鈥�
Of the 46 rigs currently under manufacturing, two rigs are in the assembly stage in the Rajahmundry oil field in Andhra Pradesh. MEIL will supply the rest to ONGC-related oil fields in Assam, Tripura and Tamil Nadu.
Image courtesy: MEIL
Next Story
Reliance, Diehl Advance Pact for Precision-Guided Munitions
Diehl Defence CEO Helmut Rauch and Reliance Group鈥檚 Founder Chairman Anil D. Ambani have held discussions to advance their ongoing strategic partnership focused on Guided and Terminally Guided Munitions (TGM), under a cooperation agreement originally signed in 2019.This collaboration underscores Diehl Defence鈥檚 long-term commitment to the Indian market and its support for the Indian Government鈥檚 Make in India initiative. The partnership鈥檚 current emphasis is on the urgent supply of the Vulcano 155mm Precision Guided Munition system to the Indian Armed Forces.Simultaneously, the 鈥淰ulc..
Next Story
Modis Navnirman to Migrate to Main Board, Merge Subsidiary
Modis Navnirman Limited has announced that its Board of Directors has approved a key strategic initiative involving migration from the BSE SME platform to the Main Board of both BSE and NSE, alongside a merger with its wholly owned subsidiary, Shree Modis Navnirman Private Limited.The move to the main boards marks a major milestone in the company鈥檚 growth trajectory, reflecting its consistent financial performance, robust corporate governance, and long-term commitment to value creation. This transition will grant the company access to a broader investor base, improve market participation, en..
Next Story
Global Capital Flows Remain Subdued, EMEA Leads in Q1 2025
The Bharat InvITs Association鈥檚 industry update for Q1 2025 shows subdued global capital flows, with investment volumes remaining at the lower end of the five-year range despite a late 2024 recovery. According to data from Colliers and MSCI Real Capital Analytics, activity in North America declined slightly, while EMEA maintained steady levels and emerged as the top region for investment in standing assets.The EMEA region now hosts seven of the top ten cross-border capital destinations for standing assets, pushing the United States鈥� share of global activity below 15 per cent. Meanwhile, in..
