Deep Industries has confirmed the transfer of its recently awarded long-term project from Oil and Natural Gas Corporation (ONGC) to its wholly owned subsidiary, Deep Exploration Services Pvt. Ltd. (DESPL). The project relates to production enhancement at ONGC’s Mature Fields in the Rajahmundry Asset, and will run for 15 years.
The transfer was formalised through a tripartite agreement between ONGC, Deep Industries, and DESPL. The move is expected to improve operational focus, efficiency, and accountability in project execution.
About Deep Industries
With over three decades of experience in the Oil & Gas services sector, Deep Industries specialises in:
- Natural Gas Compression
- Natural Gas Dehydration
- Workover & Drilling Rigs
- Integrated Project Management
The company is known for its strong technical capabilities, skilled workforce, and diverse equipment fleet, ensuring reliability and safety across operations.
About ONGC
Oil and Natural Gas Corporation (ONGC) is India’s largest crude oil and natural gas producer, contributing nearly 70% of the country’s domestic output. The company is engaged in exploration, development, and production of hydrocarbons across multiple basins nationwide.
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