Deep Industries is clearly aiming for the skies in unknown territory | |
Deep Industries is clearly aiming for the skies in unknown territory, literally and figuratively And this is what may set it apart from the others in the industry Traditional Onshore Expertise Deep Industries has historically focused on onshore oilfield services, forging strong partnerships with Indian majors like ONGC and OIL. Its portfolio includes drilling rigs, gas compression, dehydration, and a production enhancement (E&P) project. Offshore Market Entry The Company acquired the Dolphin and DP-capable barge, marking a strategic shift into the global offshore space. Since there is no direct offshore project fit in Indian waters, negotiations for deployment are underway overseas—particularly in Panama. Marine Spread Expansion Alongside the Dolphin, Deep Industries is building a marine spread business: tugs, platform supply vessels, and anchor-handling tugs. It has already acquired one anchor-handling tug in partnership, likely to accompany the Dolphin. Capex Plans and Financial Commitment A capital outlay of ?500 crore has been earmarked for acquisitions and organic growth. #E&P #Indianpetroplus | |
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Target State: All States Target City : All Cities Last Update : Jan 31, 2025 6:00 AM Number of Views: 28 | Item Owner : Indianpetroplus Contact Email: Contact Phone: (None) |
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