GE Oil & Gas will provide about 55 sub-sea well-heads over the next three years to Oil & Natural Gas Corp (ONGC), India’s largest exploration and production company.

GE has been providing sub-sea production equipment to ONGC for more than 30 years.

Ashish Bhandari, chief executive (South Asia) at GE Oil & Gas, said: “With India’s new energy policy and gas pricing policy in place, we are seeing an ‘up-tick’ in ONGC’s exploration and development activity.

“This latest award will enable GE to support ONGC as its technical partner, collaborating to improve the region’s energy supply capabilities through the discovery of new fields offshore.

“We have a long history with ONGC, and we are proud to support their ambition of driving local oil and gas production.

“As well as the collaborative effort that will be involved, what is particularly exciting for us is that this agreement gives us the opportunity to further develop a local talent pipeline and in-country supply base, through a steady and predictable volume.”