ABG Shipyard wins order worth Rs 2377 crore

ABG Shipyard wins order worth Rs 2377 croreABG Shipyard, the largest private yard in India, has secured an order worth Rs 2,377.41 crore (480 million US dollar) from Essar Oilfields Services Ltd, Mauritius for building two rigs.

These Rigs will have the operating capacity of up to 350 ft. Water Depth and a drilling depth capacity of 30,000 ft. In addition, these rigs are designed for year - round Gulf of Mexico and 50-year return period North Sea environment in accordance with American Bureau of Shipping (ABS) assessment criteria.

The innovative features of this design include increased storm criteria, extended reach cantilever, lightweight, an efficient drilling package, and F&G's Advanced Rack Chock System.

The JU-2000A also includes Single Point Discharge System and High Preload System. Essar Oilfields Services Ltd (EOSL)., is a wholly owned subsidiary of Essar Shipping & Logistics Ltd with its main focus on offshore and onshore drilling activities.

General: