Financial Daily from THE HINDU group of publications Thursday, May 25, 2006 |
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Shipping Industry & Economy - Petroleum Cochin Shipyard bags ONGC order Our Bureau
Kochi , May 24 The public sector Cochin Shipyard has received the biggest ship repair order in the country, when it bagged the upgradation and lay up repairs from the Oil and Natural Gas Corporation for its Jack Up Rig Sagar Kiran at a cost of Rs 203 crore. Senior officials in the yard pointed out that this is the biggest ever-commercial ship repair order in the history of the yard as well in the country and the entire upgradation and repair work would be completed within a period of 9 months from May. The rig is at present deployed for work over jobs. With the proposed upgradation, the rig would be equipped to undertake exploratory drilling operations including high tech wells such as horizontal and extended reach drilling (ERD) wells also. The repairs on the rig would also ensure that operational and safety requirements are met, the officials said.
Scope of work
The scope of the work includes blasting and painting of the three legs (height of each leg - 430 feet) of the rig to be undertaken in India for the first time, steel renewal of around 1,100 tonnes and re-powering the rig with 5 caterpillar engines.
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