June 29 (Reuters) – State-run Oil and Natural Gas Corp (ONGC.BO) is planning an investment of 45.80 billion rupees ($986 million) to buy 14 oil and gas rigs, the Mint newspaper reported on Tuesday, citing an unnamed company official.
Energy | Industrials
The company wants to acquire 10 onshore rigs for 9 billion rupees from state-owned Bharat Heavy Electricals Ltd (BHEL) and float tenders for four offshore rigs that may require an investment of 36.80 billion rupees, the report said.
“For onshore rigs we will go with BHEL. We have got quotations from them,” an ONGC official was quoted as saying. “For offshore jackup rigs, once we crystalize the design, we will go for tendering.” ($1=46.45 rupees) (Writing by Ruchira Singh; editing by Surojit Gupta)
Inpex ‘full steam ahead’ on EIS: Henderson
The Northern Territory Chief Minister says he hasn’t heard that Inpex has again delayed its final decision to build an LNG processing plant in Darwin.
Paul Henderson says he met with Inpex executives in Darwin yesterday and there was no talk of a delay.
“They are full steam ahead on providing the EIS for public comment in the not too distant future,” Mr Henderson said.
“If you have a look at their website there’s over a billion dollars worth in Inpex tenders out at the moment for this project, so I have had no advice to that effect and Mr Koroda was in town just yesterday.”