news

MEIL Deploys State-of-the-Art 2000 HP Oil Drilling Rig for ONGC in Rajahmundry

Aug 20, 2024 · Source: cision
MEIL Deploys State-of-the-Art 2000 HP Oil Drilling Rig for ONGC in Rajahmundry

HYDERABAD, India, Aug. 20, 2024 -- Hyderabad-based Global Conglomerate Megha Engineering and Infrastructures Limited (MEIL) has deployed its advanced, fully automated and hydraulic 2000 HP capacity oil drilling rig (C3BR1  NG 2000-5) at ONGC Asset, Rajahmundry, Andhra Pradesh. Previously, MEIL has deployed two 2000 HP capacity land drilling rigs in the same asset. This marks the 3rd rig to be established under the Rajahmundry asset of ONGC.

The Advanced new generation oil drilling rig (C3BR1 NG 2000 - 5) is unique in its functioning with the capacity of 2000 HP and can drill up to 6000 meters in high pressures and temperatures. In terms of functioning of the oil drilling rig, it is much efficient, cost effective, automated and zero risk than the traditional rigs.

This C3BR1 rig is built with full automation in order to reduce the downtime on account of safety & maintenance. The rig is the first of its kind to be inducted in the ONGC drilling fleet. In the coming days the MEIL rigs will be the game changers in the drilling wells technology.

The inauguration ceremony of Oil drilling rig deployment was attended by representatives from MEIL and Drillmec namely Manoj Varma, VP Contracts, Marco Tozzi, Dy. CEO (Drillmec), Mr. Michele Bruzzi, COO (Drillmec), Sabir Hussain VP Installation & Commissioning (Drillmec) and ONGC officials.

The new generation fully automated oil drilling is made under the 'Make in India' and 'Atmanirbhar Bharat' initiatives, as a part of the Rs. 6,000 crore value of oil drilling rigs order from ONGC.  MEIL is the first private company in India to manufacture and using the oil and gas extraction rigs with indigenous technology.

MEIL has received an order for 47 rigs from the ONGC in global competitive bidding. Of the 27 land drilling rigs, two are mobile hydraulic rigs with a capacity of 1,500 HP, and 17 are AC VFD rigs with 1,500 HP capacity. Six others are AC VFD rigs having a capacity of 2,000 HP, and two others are HT VFD rigs of 2,000 HP.

Out of these 20 are workover rigs, and 27 are land drilling rigs. The 20 workover rigs include 12 of 50-MT capacity, four rigs are of 100 MT, and the remaining four have a capacity of 150 MT each. The 2,000 HP rigs can drill up to 6,000 metres.

The MEIL is manufacturing and supplying the remaining rigs to the ONGC assets in Assam (Sibsagar, Jorahat), Andhra Pradesh (Rajahmundry), Gujarat (Ahmedabad, Ankaleshwar, Mehasana and Cambay), Tripura (Agartala) and Tamilnadu (Karaikal).

These state-of-the-art oil rigs will have the world's best and most advanced hydraulic technology features. As the energy prices soar, the advanced rigs are very crucial for the Indian energy sector to drill the oil and gas wells faster and increase the oil and gas production for domestic use, as per MEIL sources.

According to the MEIL, this rig is equipped with blowout preventer that can operate under high pressure and high temperatures. The rig can bring down the temperature of 220 degree Celsius from underground to the surface area. Since it is equipped with blowout preventer with 5,000 PSA capacity, which is used for the first time in India that helps in reducing the temperature.

Besides, the rig is manufactured in India, having American Petroleum Institute (API) approved standards. With the highest level of automation, the rig reduces human intervention. Unlike other rigs, it does not require more workmen and only two men can operate the entire rig. The rig is safe and more productive with Gen-X technology and is economical compared to conventional rigs.

About MEIL

MEIL is India's largest private infrastructure company with a presence across sectors critical to India's growth. We have significantly contributed to the vision of 'Aatmanirbhar Bharat' with an unwavering commitment spanning over three decades. Our projects are across renewable energy, electric mobility, CGD, hydrocarbons, defence, transport, railways, manufacturing, infrastructure, water management, and other sectors. MEIL's subsidiaries Olectra Greentech Limited, a BSE and NSE listed company, ICOMM and Drillmec drive 'Make in India' through electric buses and trucks, renewable energy, advanced oil rigs, defence, telecom, and other infrastructure. Megha Gas builds vital CNG and PNG infrastructure across India. Evey Trans is India's largest electric buses fleet operator. MEIL's varied portfolios span across 20+ nations, showcasing our global influence.

Photo: https://mma.prnewswire.com/media/2485693/MEIL_Rig_at_Rajahmundry.jpg

Logo: https://mma.prnewswire.com/media/1996475/4556143/MEIL_LOGO.jpg

Contact Details: Siva Reddy, Email : sivaprasad.machireddy@meghaeng.com

 

Cision View original content to download multimedia:https://www.prnewswire.com/in/news-releases/meil-deploys-state-of-the-art-2000-hp-oil-drilling-rig-for-ongc-in-rajahmundry-302226530.html

Comments (0)

Login to join the conversation

Login / Register

No comments yet. Be the first to comment!

More to Read

Bank of America Now Accepting Proposals for 2027 Art Conservation Project
news
Aug 5, 2026 1 min

Bank of America Now Accepting Proposals for 2027 Art Conservation Project

Key points Applications for the 2027 Bank of America Art Conservation Project will be accepted from Aug. 1 through Sept. 30, 2026. The program supports the conservation of historically or culturally significant artworks and artifacts around the world. Eligible nonprofit cultural institutions may submit proposals through the Art Conservation Project website. The Art Conservation Project has provided support for more than 15,000 objects in 40 countries since launching in 2010. CHARLOTTE, N.C. , Aug. 5, 2026 -- Bank of America is now accepting proposals for its 2027 Art Conservation Project through Sept. 30, 2026. The program provides grant funding to nonprofit museums, cultural institutions and conservation organizations undertaking projects to preserve historically or culturally significant artworks and artifacts.

Cision Report Warns Brands Are Falling Into Costly 'Data Fragmentation Trap'
news
Aug 5, 2026 1 min

Cision Report Warns Brands Are Falling Into Costly 'Data Fragmentation Trap'

New analysis shows how disconnected search, social, and AI signals create blind spots, delay decisions, and escalate risks CHICAGO , Aug. 5, 2026 -- Cision, a global leader in consumer and media intelligence, today released The Data Fragmentation Trap: Why More Data Isn t Helping Brands See Clearly , a new report examining why brands struggle to turn high volumes of data into meaningful business intelligence. As AI transforms how information is created, discovered, and consumed, organizations are gathering more signals than ever, from search engines and social media to news coverage and AI-generated answers. Yet, many organizations fall into a data fragmentation trap, still relying on an old, channel-by-channel model based on gathering signals separately. This approach can be costly for organizations. It creates critical blind spots, slows decision making, and limits their ability to understand and influence brand perception.

NYSE Content Update: Expedition Therapeutics Secures $115 Million Series B
news
Aug 5, 2026 1 min

NYSE Content Update: Expedition Therapeutics Secures $115 Million Series B

NYSE issues a pre-market daily advisory direct from the trading floor. NEW YORK , Aug. 5, 2026 -- The New York Stock Exchange (NYSE) provides a daily pre-market update directly from the NYSE Trading Floor. Access today s NYSE Pre-market update for market insights before trading begins. Ashley Mastronardi delivers the pre-market update on August 5th The Dow Jones Industrial Average and S&P 500 will look to build off fresh records on hopes of a deal in the Middle East. The Dow surpassed 54,000 for the first time ever. The S&P 500 clinched its first-ever close above 7,700. Expedition Therapeutics Founder & CEO Yi Larson will join NYSE Live following her firm s latest funding round. The company says the first patients have been dosed in its Phase 2 clinical trial for EXPD-101, a next-gen treatment for COPD. Zeta Global (NYSE: ZETA) CEO David Steinberg will join NYSE Live to deliver the biggest takeaways from the company s Q2 earnings report. The firm says it posted its 20 th straight beat-and-raise quarter and achieved the Rule of 64.

REAL Jet and Crypto.com Give Customers a New Way to Pay for Private Flights
news
Aug 5, 2026 1 min

REAL Jet and Crypto.com Give Customers a New Way to Pay for Private Flights

Customers Can Now Use Crypto.com Pay to fly REAL Jet NEW YORK , Aug. 5, 2026 -- REAL Jet, a REAL SLX company, has officially launched Crypto.com Pay, allowing customers to use the digital payment solution on the company s charter booking platform. With it, REAL Jet becomes the first private aviation company to accept Crypto.com Pay for private charter flights. Customers with a Crypto.com account, booking through REAL Jet, can now select Crypto.com Pay, with transactions processed securely and in compliance with applicable regulatory standards. Crypto.com Pay is available to eligible US residents for bookings priced and settled in US Dollars (USD). The launch builds on the Crypto.com REAL partnership formed in February 2026 to reimagine VIP experiences across business, sport, and culture.

Utility Global Names Robert Lane Chief Financial Officer to Drive Commercialization at Scale
news
Aug 5, 2026 1 min

Utility Global Names Robert Lane Chief Financial Officer to Drive Commercialization at Scale

Capital markets veteran joins company to fuel next phase of rapid growth HOUSTON , Aug. 5, 2026 -- Utility Global ( Utility ), a global company enabling the economic industrial decarbonization of heavy industries, today announced the appointment of Robert Lane as Chief Financial Officer. Lane joins Utility at a defining time as the company pivots into its commercialization phase. Lane has a proven record of scaling organizations and guiding companies through rapid commercial growth. He brings more than three decades of financial leadership across energy, industrial and growth-stage companies, most recently as CFO of Quva Pharma, where he led finance, accounting, IT and treasury functions through a period of process modernization and liquidity improvement. Previously, as Executive Vice President and CFO of Sunnova Energy International, he helped lead the company s Initial Public Offering (IPO) and closed more than 10 billion in tax equity, debt and equity financing to fund its growth. At Spark Energy, Lane helped lead the company through several acquisitions and integrations, simplified the corporate structure, and led creative and innovative financing strategies. At Emerge Energy Services, he guided the company through its IPO and capital expansion while significantly lowering the cost of debt. Across his career, Lane has led dozens of capital markets transactions collectively worth tens of billions of dollars and has a proven track record of building the financial infrastructure to support fast-growing companies to help them scale.

MITTI LABS RAISES $9.5 MILLION TO BUILD WATER RESILIENCE IN ASIA'S RICE FIELDS
news
Aug 5, 2026 1 min

MITTI LABS RAISES $9.5 MILLION TO BUILD WATER RESILIENCE IN ASIA'S RICE FIELDS

With the world s staple crop under mounting climate & water stress, funding accelerates the deployment of its rice GeoAI platform to millions of smallholder fields BENGALURU, India and NEW YORK , Aug. 5, 2026 -- Deep-tech company Mitti Labs today announced a 9.5 million Series A round from investors including Aramco Ventures as lead investor, alongside Lightspeed India , Godrej Industries Group , Cisco Foundation , Francis Family Fund , and Volta Circle .

Plume Names Rebecca Stone Chief Customer and Marketing Officer, Creating a Dedicated C-Suite Voice for Global ISP Customer Success
news
Aug 5, 2026 1 min

Plume Names Rebecca Stone Chief Customer and Marketing Officer, Creating a Dedicated C-Suite Voice for Global ISP Customer Success

Expanded role reflects Plume s commitment to 450+ ISP customers with dedicated executive champion across entire customer lifecycle, from brand awareness and onboarding through adoption, retention and expansion PALO ALTO, Calif. , Aug. 5, 2026 -- Plume Design, Inc. ( Plume ), the award-winning global subscriber experience platform serving more than 450 Internet Service Providers (ISPs) across 58 countries, today announced that Rebecca Stone will fill the newly created role of Chief Customer and Marketing Officer (CCMO). Ms. Stone, who joined Plume as Chief Marketing Officer in January 2026, will now be responsible for direct ownership of Customer Success in addition to her marketing responsibilities, unifying the customer-facing journey under a single executive leader.

CoinGecko Research: KuCoin's Nine-Year Evolution Reflects Crypto's Shift from Trading to Trusted Infrastructure
news
Aug 5, 2026 1 min

CoinGecko Research: KuCoin's Nine-Year Evolution Reflects Crypto's Shift from Trading to Trusted Infrastructure

PROVIDENCIALES, Turks and Caicos Islands , Aug. 5, 2026 -- As the digital asset industry enters a more mature and selective phase, the role of crypto exchanges is expanding beyond trade execution. Liquidity and product breadth remain fundamental, but security, transparency, regulatory readiness, infrastructure resilience and real-world utility are becoming increasingly important measures of long-term competitiveness. Against this backdrop, CoinGecko Research has released the KuCoin Exchange Report , providing an independent assessment of KuCoin s nine-year evolution and its performance during the first half of 2026. Released alongside KuCoin s ninth anniversary, the report examines how KuCoin has evolved from a crypto exchange focused on token access into a trusted digital asset infrastructure serving more than 45 million users worldwide, while reflecting the broader transformation taking place across the digital asset industry.