1] First time Indian companies like Reliance & ONGC are venturing into a Deep   Water (1800 feet deep)field developments (Krishna-Godavari Basin).So far the only regions where such fields have been developed are the North Sea Of Europe,the Gulf of Mexico & near the Brazzilian Coastline,in such ventures water is so deep for divers to go down to fix glitches.This calls for several innovative technologies.ROV are sent down to look at what's going on & to guide equipments that locks into place requirring for high level of accuracy & mechanisms that easily lock into each other much in the way 2 spacecraft do.DOEL provides such ROV servicse to ONGC &further there is good scope for getting the similar orders from Reliance.DOEL has already applied for registrations with Reliance.

2]  During the Year,Company has Awarded 2 EPC contracts(in consrtium arrangement with other companies) by ONGC and on Successfull completion of these contracts,DOEL can bid for EPC contract independently as a main contractor.It will help the company in getting larger share of Offshore construction market and will also improve its profitability.

3] DOEL has also recieved approval from the Gujrat Maritime Board for setting a ship building,Ship repair cum fabrication yard at Jafrabad in Gujrat.It will help to strengthen the topline as well as the bottomline of the company.

4] DOEL provides Drilling Rigs repair services since1991.Rigs repair activity has great growth potential as Drilling Rigs are in short supply world wide.

5] Bombay High Field is 20-30 years old, so lot of revamp work is required. ONGC intends to spend close to $2 billion annually on redevelopment, drilling and exploration of its Bombay High Field.DOEL is likely to get good orders from ONGC of Bombay High Field work.