State-run BHEL is in talks with private companies like Larsen & Toubro and Pipavav Shipyard to jointly build off-shore oil rigs, a business proposition it had shelved earlier, says a company official.
“We are talking to various private players for manufacturing (off-shore) oil rigs... We are talking to L&T and Pipavav,” the official said.
The plan to revive the business follows the revival in oil prices on the back of signs of the improving economic scenario which, in turn, had revived exploration business and the resultant increase in demand for oil rigs. The Navratna power equipment major would soon start talks with the upstream oil companies like ONGC and Oil India for supplying deep sea oil rigs.
