Reliance Defence and Engineering signs an MoU with ALLRIG
Reliance Defence and Engineering Ltd (RDEL), promoted by Reliance Infrastructure Limited has entered into an association with ALLRIG, USA, a global leader in service support for onshore and offshore installations.
The RDEL-ALLRIG association would bring in the strategic advantages of high quality services at competitive cost and lower turnaround time to upstream companies operating in the Indian subcontinent with respect to Jack-up rigs, Drilling rigs and other floating / fixed oil & gas assets.
The association will be very helpful in providing solutions for class approved spares, repairs, upgradation and warranty support for critical equipments for older assets where OEM support is not feasible. The step is expected to strike the right cord with the offshore asset owners operating in the Indian subcontinent, who have to look towards other far-off service providers for their service needs.
Under the partnership, RDEL’s shipyard at Pipavav, Gujarat would be developed as a One-StopShop solution for all the service needs of upstream companies such as dry docking, inspection, repair, overhaul, up-gradation, rectification, maintenance and spare services.
Commenting on the partnership with Allrig, Vice Admiral H S Malhi (Retd), CEO, RDEL said, “The association with Allrig responds to a real time need of the industry of enhanced service provision in the upstream segment.”
Another senior official of the Reliance Group, Dr A K Balyan CEO, Oil & Gas Business, hails the association “RDEL yard’s excellent location and world class infrastructure along with Allrig’s superior capabilities will bring up synergies to provide high quality services“.
The RDEL-ALLRIG association will take part in various opportunities in Indian subcontinent and South-East region; the estimated India market size is about Rs 7000 Cr. The association will particularly target ONGC and other regional drilling contractor community; Allrig in association with RDEL shipyard can localize its presence and can provide array of services including quayside & dry docking works.