GE Oil & Gas awarded Frame Agreement in India

GE Oil & Gas has recently been awarded a multi-million dollar Frame Agreement by Oil and Natural Gas Corporation Limited (ONGC), India’s exploration and production Company.

Under the agreement, GE will provide an estimated 55 subsea wellheads (SG5) over next three years for the operator’s offshore drilling campaign in shallow to medium waters offshore India.

Mr. Ashish Bhandari, CEO, South Asia at GE Oil & Gas, said, “With India’s new energy policy and gas pricing policy in place we are seeing an uptick in ONGC’s exploration and development activity. This latest award will enable GE to support ONGC as its technical partner, collaborating to improve the region’s energy supply capabilities through the discovery of new fields offshore.”

The first wellhead under the contract will be supplied in Q42016, 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. GE also has a multi-modal facility in Pune created to support India’s vision of self-sufficiency in manufacturing under the country’s Make in India plan. This 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.

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