Drilling to ramp up in 2013

INDIAN giant Reliance Industries will have more than three deep-water drilling units in its fleet by next year, writes Nishant Ugal.

The company hardly used its offshore drilling resources during the second half of 2011 but it has plans for a variety of deep-water drilling projects expected to begin in 2013, claims one source.

“There is a lot of pressure from the Indian government to drill on the D6 block in the Krishna Godavari basin and there are also commitments to be met on other deep-water blocks. So Reliance should actually get going on the drilling plans from next year,” he says.

Reliance has three Transocean drillships on long-term contracts but these units were earlier sublet to other operators.

The Transocean-owned ultra- deep water drillship Dhirubhai Deepwater KG-2 is likely to return to Reliance in August this year. This rig was previously working for Malaysia’s Petronas.

Another drillship, Dhirubhai Deepwater KG-1, currently sublet to Oil & Natural Gas Corporation, will most likely be back with Reliance by around mid-2013.

About a similar timeline, Discoverer India — now sublet to Chevron — will also return to resume Reliance operations. Reliance is also expected to add a few more offshore rigs to its fleet to meet its drilling commitments.

Another source says: “Most of the drilling will be done only in deep waters as Reliance hardly has anything for the shallow waters. So there will not be any jack-up requirement in the near future.”

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