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FROM OUR CORRESPONDENTINDIA


besides one onshore discovery in Tripura in the northeastern part of the country. ONGC said that it will invest USD529.6 million in revamping 48 ageing platforms in the Mumbai High and the Neelam & Heera oil and gasfields. After recent redevelopment efforts, these fields are expected to be in production until at least 2030. But the existing infrastructural facilities are not expected to last much longer and need to be replaced.


“Hence revamping/retrofitting of these facilities in a phased manner is essential to maintain the production of oil and gas from Mumbai High and Heera fields,” said ONGC in a statement issued recently. The company has approved the revamp of 48 platforms on these fields by the middle of 2016. It has also approved a USD207 million revamp of the BPA and BPB process complexes in the giant Bassein & Satellite gasfields of the western offshore region.


Lift & Shift has long been involved in Indian oil and gas exploration.


Operators optimistic about Indian offshore


Joseph R Fonseca, our regional correspondent in


INDIA


While heavy lift and project transport specialists wait for their commercial fortunes to pick up, some have already turned their focus to the Indian offshore business where opportunities in oil and gas hold immense possibilities.


or the sunrise sector in which mostly global operators have long basked unscathed by the limited local competition, there may be about to be a sea change. Already a gradual transformation is being witnessed with increasing numbers of India based players making bold forays into the offshore world – and they are making good progress. In fact, there has been plenty of development recently, which spells good news for staunch operators venturing into this sector. The state-owned Oil and Natural Gas Corporation (ONGC) announced recently that it will invest over


F www.heavyliftpfi.com


USD737 million in revamping infrastructure at its key oil and gasfields in Bombay High, an offshore oilfield in the Arabian Sea around 160 km off Mumbai on the west coast of India. The company also stated that it has made three oil and gas discoveries in the Krishna Godavari basin on the east coast,


ONGC is to invest USD737 million in revamping infrastructure at its key oil and gasfields in Bombay High.


Production stage


“On the east coast, where Reliance Industries has a bigger presence and has reported new discoveries, it will take a year to reach the production stage when the real heavy lift requirements will come up involving transportation of over-dimensional cargo to the sites,” stated Sunil Dhulekar, chief executive of Arya Offshore Services. “On the west coast at Bombay High, all infrastructure is getting revamped... The whole business of revamping is being done in stages as part of a ten-year programme that will involve the replacement of an array of structures that need to be fabricated, transported to the site and erected in the place of the older platforms. Well-head platforms, living quarter modules, inter-connecting bridges, MNP jackets, subsea pipelines and other out-of-gauge equipment will be required in this revamping process.” This is where engineering, procurement and construction (EPC) contractors, forwarders and other offshore players are looking to win a share of the pie. Sameer Parikh, director of heavy lift and transportation provider Lift & Shift India, pointed out: “Larsen & Toubro (L&T), the USD14 billion engineering and construction company, is the only major EPC contractor in India to have been a successful bidder so far for most ONGC offshore projects. All other contracts have been going overseas; with the result that the structures are fabricated abroad and are brought directly to the offshore sites without having to come on land in India. “Again there are also others, including


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