In order to drill three three wells in water depth ranging from 10,170 to 11,318 feet, ONGC upgraded at its own cost an ultra deep-sea drilling rig it had hired from Reliance Industries (RIL). ONGC upgraded the rig at its own cost because it does not want to take the risk of having to pay liquidated damages if these wells were not drilled on time and
Tag: drilling
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OIL in the process of drilling wells in KG basin
Reports suggest that by the middle of 2013, Oil India (OIL) may start work on drilling wells in the KG Basin. OIL is said to be in advance stage of mobilising the rigs to the exploration site and the work is expected to by June-end or early July 2013. As part of its plan, the firm would drill three shallow wells and three deep water wells at a total cost of aro
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Case Study: Niagara Tunnel breaks barriers
In an ambitious project, an engineering landmark takes shape 140 m under the Niagara Falls in Canada. When finished, the project will increase output by about 1.6 billion kWh, enough to supply renewable energy to 160,000 homes.
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Shale gas: The new kid on the energy mix block
While we have made good progress with CBM, shale gas presents an opportunity we cannot afford to neglect when looking at a viable option for our energy sufficiency. The government will soon come out with a policy on what is acclaimed as the newfound energy saviour.
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