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ONGC sets Indian rig move record

16 June 2016 – The Oil and Natural Gas Corporation Limited (ONGC) has, with the support of AqualisBraemar, set a new pre-monsoon rig move record offshore India.

ONGC executed a total of 33 mobile offshore drilling unit (MODU) rig moves – 31 on the west coast and 2 on the east coast – in mid-March, April and May. AqualisBraemar, working together with the ONGC Rigmove cell, assisted with nearly all of these rig moves, placing each on its respective monsoon location before the onset of the seasonal adverse weather conditions.

AqualisBraemar carried out this work with the help of mariners from the company’s Dubai office and with engineering support from London, UK.

“This is an impressive milestone in Indian Offshore operations and is a tribute to the professionalism of all involved,” says Rodger Dickson, group marine director, AqualisBraemar.

In May this year, United India Insurance Company reappointed AqualisBraemar to provide marine warranty services to the Oil and Natural Gas Corporation Limited’s (ONGC) assets offshore India.

Under the agreement, AqualisBraemar will continue to provide marine warranty services to ONGC’s fleet of jack-up rigs and mobile offshore production units (MOPU) in Indian waters.

AqualisBraemar, part of Oslo-listed Aqualis ASA, is a specialised marine and offshore engineering consultancy focusing on the shallow and deep-water segments of the offshore oil and gas industry.

ENDS

For further information, please contact:

Media
Endre Aaberg Johansen, Corporate Communications AS
T +47 41 61 06 05
E endre.johansen@corpcom.no

Investors
Kim Boman, CFO, Aqualis ASA
T +47 959 63 912
E kim.boman@aqualis.no

About Aqualis ASA
Aqualis ASA (OSE: Aqua) is a public company that, through its subsidiaries and associates, offers energy consultancy services to the oil and gas, wind and solar sectors globally. The group employs experienced consultants across 22 offices in 15 countries worldwide. Aqualis ASA operates under three different brands: AqualisBraemar, Offshore Wind Consultants and ADLER Solar. AqualisBraemar is a specialized offshore marine and engineering consultancy firm, focusing on the shallow and deep-water offshore segments of the oil and gas industry. Offshore Wind Consultants is a globally focused consultancy providing independent services to the offshore renewables industry. ADLER Solar is a full-service provider for the PV industry. It offers technical solutions and services for the entire life cycle of photovoltaic plants. Aqualis owns 49.9 percent of ADLER Solar.