Deep Industries Ltd receives order worth ₹ 1,402 Cr for Production Enhancement Operations from ONGC

By -
  • This is Company’s biggest ever order so far taking total order book to more than double
  • The order is for Production Enhancement Operations in Mature Fields at Rajahmundry Asset of ONGC
  • Duration of the project is 15 years
Deep Industries Ltd (DIL), a leading integrated solutions provider for Oil & Gas field operations, has announced a significant order win valued at ₹1,402 crore from Oil and Natural Gas Corporation (ONGC). The contract is for Production Enhancement Operations in the mature fields of ONGC's Rajahmundry Asset and spans a duration of 15 years. This is the largest project awarded to the company to date, more than doubling its current order book. As on June 30, 2024, the Company’s order book stood at ₹ 1,246 Cr.

Commenting on the significant win, Mr. Paras Savla, MD, Deep Industries Ltd. said, “We are thrilled to announce this landmark achievement as we extend our expertise into Production Enhancement Contracts (PEC). This strategic win positions us to play an increasingly integral role in the evolving oil and gas services value chain. With over three decades of experience in the sector, Deep Industries is well-equipped to optimize oil and gas production through the deployment of proven, advanced techniques.

The PEC framework not only broadens our revenue streams but also enhances our profitability, making it a value-accretive proposition for our stakeholders. We remain confident in our ability to deliver exceptional outcomes, driving sustainable growth and long-term success.”

Production Enhancement Contracts (PEC) are aimed at increasing the production of hydrocarbons from the ageing, depleted and mature fields typically spanning around 15 years beyond the original life of the asset. At Rajahmundry asset, ONGC wishes to further develop hydrocarbon reserves from the Contract Areas in a way that improves current production and ultimate recovery of hydrocarbons by application of safe and efficient operating practices and suitable techniques and technologies.

Comments

Post a Comment

Popular posts from this blog

QNet launches New Luxury Chairos Watches

By -
Image
·           Five new luxury watches  - Alpine Neo, Vector,  Crusader, Aquatica and Latitude launched in India under Chairos brand ·           Price range of the new collection is from Rs 62,000 to Rs 1,00,000 New Delhi, February 12  2018 :   Leading Asian direct selling company QNet has launched five new models under its luxury watch brand - Chairos. The Chairos brand is QNet’s proprietary range of luxury and sports watches exclusively for India. The new Chairos watches have been designed to combine form and functionality with timeless elegance and style. Commenting on the launch of the new range of watches, Trevor Kuna, Global CEO of QNet said, “Men typically don’t have many options for accessories to splurge on and watches have been known to convey a subtle message about the wearer’s personality. India is a fast growing global economy and more men are turning to active lifestyles, travel and exploring new experiences. Chairos is our flagship brand in India and we want
Read more

खोतांच्या घराला लागलेले पंचक सुटणार ? उत्सुकता वाढवणारा 'पंचक' चा ट्रेलर प्रदर्शित

By -
Image
डॉ. श्रीराम नेने आणि माधुरी दीक्षित नेने प्रस्तुत 'पंचक' या चित्रपटाचा उत्सुकता वाढवणारा ट्रेलर प्रेक्षकांच्या भेटीला आला असून आता या चित्रपटाच्या प्रदर्शनाची प्रेक्षक आतुरतेने वाट पाहाताना दिसत आहेत. नुकताच 'पंचक'चा शानदार ट्रेलर लाँच सोहळा पार पडला. यावेळी अनेक मान्यवर उपस्थित होते. डॉ. श्रीराम नेने आणि माधुरी दीक्षित नेने  या मराठमोळ्या जोडीने हा खास मराठी चित्रपट आपल्या मराठी प्रेक्षकांसाठी आणला आहे. जयंत जठार, राहुल आवटे दिग्दर्शित या चित्रपटात आदिनाथ कोठारे, दिलीप प्रभावळकर, भारती आचरेकर, आनंद इंगळे, तेजश्री प्रधान, सतीश आळेकर, नंदिता पाटकर, सागर तळाशीकर, संपदा कुलकर्णी, आशिष कुलकर्णी, दीप्ती देवी, विद्याधर जोशी, आरती वडगबाळकर, गणेश मयेकर अशी तगडी स्टारकास्ट आहे. राहुल आवटे यांचे लेखन असलेल्या या चित्रपटाचे नितीन प्रकाश वैद्य कार्यकारी निर्माते आहेत.  घरात पंचक लागल्याने आता कोणाचा नंबर लागणार, याची भीती घरातील सर्वांनाच भेडसावत असतानाच प्रत्येक जण आपापल्यापरीने यावर उपायही शोधत आहे. या सगळ्यात कोणाची  सर्कस सुरू आहे तर कोणाचा ऑपेरा सुरु आहे. आता खोतांच्या घराला ल
Read more

Vittiya Sashaktikaran Diwas

By -
Image
10/10/2023 ( Tuesday ) :-The Vittiya Sashaktikaran Diwas is being celebrated on 10th October 2023 as a mark of celebration of Postal week. The Dak Community Development Program ( Dak Choupal ) has been organized in 113 locations all over Maharashtra with active participation of all stake holders from Central, State and Local Government bodies. The Dak Community Development Program ( DCDP ) aims at bringing all Welfare schemes of Central Government, State Government and Local authorities at one platform exclusively for beneficiaries. It also includes raising awareness among the members of public about all prevalent schemes and the means to avail such benefits. During the Choupal , Maharashtra Circle opened 9387 Accounts of SB various categories. Also, POSB quizzes were organized for the customers, agents, GDS and Departmental staff  at 33 locations in Maharashtra Circle. 951 participated in the POSB quiz competition held. The aim is to create curiousity and awareness among all the stake
Read more