Anil Ambani’s Reliance Defence and Engineering to enter the oil rig business

rigReliance Anil Ambani Group said its unit Reliance Defence and Engineering Ltd partnered with US-based oil rig comopany ALLRIG to provide jack-up rigs, drilling rigs and other floating fixed oil & gas assets in India.

“The association will be helpful in providing solutions for class approved spares, repairs, upgradation and warranty support for critical equipments for older assets where OEM support is not feasible. The step is expected to strike the right cord with the offshore asset owners operating in the Indian subcontinent, who have to look towards other far-off service providers for their service needs,” saidReliance Defence and Engineering (RDEL).

Under the partnership, RDEL’s shipyard at Pipavav, Gujarat would be developed as a one-stop shop solution for all the service needs of upstream companies such as dry docking, inspection, repair, overhaul, up-gradation, rectification, maintenance and spare services.

H S Malhi, Retd. Vice Admiral and CEO of RDEL said, “The association with Allrig responds to a real time need of the industry of enhanced service provision in the upstream segment.”

Another senior official of the Reliance Group, Dr A K Balyan CEO, Oil & Gas Business, siad: “RDEL yard’s excellent location and World class infrastructure along with Alrig’s superior capabilities will bring up Synergies to provide high quality services”.

The RDEL-ALLRIG association will take part in various opportunities in Indian subcontinent and South-East region; the estimated India market size is about Rs 7000 Cr.

The association will particularly target ONGC and other regional drilling contractor community; Allrig in association with RDEL shipyard can localize its presence and can provide array of services including quayside & dry docking Works.

Reliance Defence is promoted by Reliance Infrastructure Limited, one of the flagship companies of the Anil Ambani group. Anil Ambani group was earlier prevented from addressing the oil and gas market under a non-compete agreement with elder brother-promoted Reliance Industries.

Reliance Defence and Engineering Ltd (RDEL), started in 2011, is a shipbuilding and heavy industry company and is part of Reliance ADA Group, which is one of the biggest business conglomerates of India.

The company is engaged in shipbuilding, offshore oil & gas, heavy engineering, repairs, modifications & conversion projects.

RDEL operates the shipbuilding facilities in Gujarat which houses India’s largest Dry dock 662m x 65m and country’s only modular shipbuilding facility with a capacity to build fully fabricated and outfitted blocks.

The fabrication facility is spread over 2.1 million sq. ft. The shipyard has a pre-erection berth of 980 meters length and 40 meters width, and 2 Goliath cranes with combined lifting capacity of 1,200 tonnes, besides outfitting berth length of 780 meters.

Allrig, Inc. is a US based company which provides Crane and jacking system inspection repair, drilling equipment and anchor winch refurbishment, etc. It also produces, fits, assembles, overhauls, constructs, performs load tests for offshore clients, disassembles and assembles onshore and offshore components etc.

The company´s services also include gearbox overhauls; MT and MPI flaw inspections; repairs and the refurbishment of jacking systems, skidding systems, and water tower elevating systems etc.

In addition, it manufactures components that include API and ANSI spools, adapters, flanges, choke and kill manifolds, and high-pressure drill-through accessories.

Alrig, Inc. was formerly known as ESI Energy Services International, Inc. and changed its name to Allrig, Inc. in May 2015.

The company was incorporated in 2013 and is based in Houston, Texas with facilities in Houma, Houston, Vicksburg, Dubai, Alkmaar, and Singapore.

2016-10-07T15:23:01+00:00