Category: Business

Foresight Group is best drilling company and is a strategically diverse family-owned business building a legacy for a business. https://foresight-group.com/ Introduction The Foresight Group was founded on September 4, 1984. Every bit of Foresight group has been built from scratch, first by Dr Ravi K Mehrotra and then with the help of the leadership team with his guidance. What started as a shipping company has, over the decades, made strategic diversification moves that have seen the organization morph into a global business conglomerate. Our Business Shipping Laying the Foundations The maritime shipping services business is at the heart of the diversified Foresight group. It’s not only the first business set up by the group in 1984, but also the realization of Dr Ravi K Mehrotra Staying Steady in a storm Foresight Shipping Limited, erstwhile Amer Shipping Limited, earned a reputation for trust, reliability and efficiency while operating crude oil shuttle services in the turbulent Gulf region, during the Gulf war in the late 1980s’. Building a fleet Till 2008, Shipping was the flagship division of the group and had a fleet of over 24 Ships across reefers, Container ships and tankers. Showing exemplary business acumen, the division sold a majority of its fleet just before the 2008 financial crisis. Since then the division has operated two Aframax tankers on time charter with global oil majors and have bought and sold a few VLCCs. Our Rigs Foresight Driller IX Design Letourneau Marathon 116c Builder Jurong Singapore Keel lay date 1983/ 2010 Liberia Class PRS Self Elevating Drilling Unit Principal Dimension Length 250’8’’ feet (76.44 meters) Breadth 212’6’’ feet (64.76 meters) Legs 3x477 feet (145.4 meters) Leg Spacing 129/142 feet (39.3/43.3 meters) Spud can Diameter 46 feet (14.0 meters) Cantilever Envelope 24 ft x 55 ft (7.31 x 16.76 meters) Provisions for Cantilever extension Vivekanand 1 Design Letourneau Super 116E Builder COSCO Dalian Shipbuilding Keel lay date 2013 Liberia Class ABS 2008 A1 Self Elevating Drilling Unit Principal Dimension Length 243 feet (74.1 meters) Breadth 206’ feet (62.8 meters) Depth 26 feet (7.9 meters) Legs 3 x 477 feet (145.4 meters) Leg Spacing 129/142 feet (39.3/43.3 meters) Spud can Diameter 46 feet (14.0 meters) With Extensions 50.6 feet (15.3 meters) Cantilever Envelope 24 ft x 55 ft (7.31 x 16.76 meters) Operating Parameters: Design water Depth 350 ft (106.68 meters) Drilling Depth 30,000 ft (9144 meters) Air Gap 60 ft (18.28 meters) Design Criteria IMO MODU 2009 with 2012 Amendments