Devi Engineering hungry for more seismic work

Vol 23, PW 2 (14 Nov 19) People & Policy
     

Young and hungry, Hyderabad-based Devi Engineering is planning to aggressively expand its footprint in India's onland 2D and 3D seismic acquisition business.

Speaking to this report, Devi tells us this month (November) it resumed a 240-sq km 3D survey in and around the 3-sq km KHORAGHAT and and 26-sq km NAMBAR fields for ONGC under a Rs50cr ($7m) contract signed on September 21, 2017. "This is a 'service' contract where ONGC provided the geophones and other equipment," says Devi.

"Last season we shot 120-sq km; now we are finishing the remaining 120-sq km." Set up in 2004, Devi has traditionally carried out small engineering contracts from ONGC and Oil India to build, among other things, plinths and approach roads for well locations, as well as recruitment for GSPC.

But by December this year it will have deployed six seismic crews to the northeast after clinching three contracts worth Rs191cr ($27m) to shoot 2D and 3D across five OALP-1 blocks in Assam and Arunachal Pradesh. "Work will start in December," adds our source.

"But already we have set up camps and our people are there." Not satisifed with two seismic contracts Devi is aggressively pursuing an estimated $50m Oil India assignment to shoot 1670-sq km 3D and 1002-lkm 2D across five onland OALP blocks in the Mahanadi basin, where the bid deadline has been extended from November 15 to November 22: MN-ONHP-2018/1, MN-ONHP-2018/2, MN-ONHP-2018/3, MN-ONHP-2018/4 and MN-ONHP-2018/5.