Yet another Baker win at Oil India

Vol 20, PW 20 (29 Jun 17) News in Brief
     

Baker Hughes has beaten competition from Schlumberger, Halliburton, Weatherford, and Jindal Drilling to win a Rs9.28cr ($1.4m) Oil India contract to provide directional drilling services in northeastern India.

"We opened price bids in April and Baker bid lowest," says an Oil India source. He adds Oil India issued the LoA to Baker in May.

This is the latest in a series of directional drilling contracts awarded by Oil India as it aims to drill more directional wells to get around land procurement challenges in northeastern India. "Our strategy is to drill directional wells from established plinths," says Oil India.

"It is cost effective and taps inaccessible targets. We drilled 50 directional wells in 2016-17." Baker wil supply equipment such as steerable down-hole positive displacement mud motors, measurement while drilling tools and drilling jars.

Last July, Oil India awarded a Rs11.73cr ($1.8m) directional drilling job to Almansoori and two contracts to Jindal Drilling: a Rs3.68cr ($552,000) job won in October 2016 and a Rs52 lakh ($81,600) job in February 2017.