ONGC to drill its first deep water oil well

Nov 25, 2003 01:00 AM

ONGC will start drilling in the Gulf of Kutch, and Belford Dolphin is the vessel that will kick-start the operation. India will begin to drill the deepest well it ever has in its own seas.
Sagar Samriddhi is ONGC's newest drilling operation, and is a 20 minute chopper ride away from Mumbai in the Gulf of Kutch. And, Belford Dolphin will, for the first time, do ultra deep water drilling for ONCG, in India. The plan is to drill about 18 wells over the next three years.

This fully integrated and automatic state-of-the-art vessel can drill up to 3,000 meters under water. Once it is fully operational, it will have at a time about 125 personnel on board.
Captain of Belford Dolphin, Andy Henyon, said, "ONGC has also hired ONGC Transocean for this project. However, Dolphin which is a subsidiary of Olsen Energy will drill the first well with a depth of about 1,888 meters."

ONGC is said to be paying Dolphin over $ 350,000 per day for this drilling operation.
The company will invest heavily for an estimated 11 bn ton of oil reserves in this ambitious project.

Source: Moneycontrol.com
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