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Sapura Energy consortium secures RM3 bln contract from ONGC India

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Written by Syndicated News

KUALA LUMPUR, Dec 6 2018 : Sapura Energy Bhd and its consortium partner have been awarded a contract worth approximately RM3 billion by the Oil and Natural Gas Corporation (ONGC) in India.

The consortium partners, Sapura Fabrication Sdn Bhd (Sapura Fabrication), a wholly-owned subsidiary of Sapura Energy, and Afcons Infrastructure Limited (Afcons), will be jointly undertaking engineering, procurement, construction, installation and commissioning works for a central processing platform and living quarters for KG-DWN 98/2 NELP block.

Afcons is the construction arm of the Shapoorji Pallonji Group, India’s leading engineering and construction conglomerate.

Sapura Fabrication has a 48.3 per cent share in the consortium which translates to about RM1.47 billion in contract value, Sapura Energy said in a statement today.

The block, located offshore the Godavari Delta on the east coast of India, covers an area of about 7,295 kilometres of the Krishna-Godavari basin with water depths ranging between 300 meters and 3,200 meters. 

Sapura Energy said the new contract win would enhance the company’s presence in the growing market, adding, the project was an opportunity to participate in a key development for ONGC, leveraging on the company’s established deepwater knowledge and capabilities. – Bernama

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News sourced from Bernama, Reuters, AFP and other accredited news agencies, including credible blogsites and news portals.