SAPURA ENERGY CONSORTIUM HAVE SECURED A RM3 BIL

sapura energy and its consortium won contract

Sapura Energy Bhd and its consortium accomplice have secured an RM3 billion contract from Oil and Natural Gas Corporation (ONGC) in India.

The consortium accomplices containing the group’s entirely possessed auxiliary of Sapura Energy, Sapura Fabrication Sdn Bhd (Sapura Fabrication) and Afcons Infrastructure Limited (Afcons), will be together endeavor engineering, acquisition, development, installation and commissioning (EPCIC) works for a central processing platform (CPP) and living quarters for KG-DWN 98/2 NELP square.

Afcons is the development arm of Shapoorji Pallonji Group, India’s driving engineering, and construction aggregate.

The block, which is located offshore the Godavari Delta on the east coast of India, covers a region of 7,295 kilometers of Krishna-Godavari basin with water profundity extending between 300 meters to 3,200 meters.

As per The Economic Times, ONGC has around 35 billion cubic meters of recoverable reserves in disclosures in the shallow ocean off Andhra Pradesh on the east and off Gujarat and Mumbai on the west coast blocks.

The three blocks in Krishna Godavari basin, Gulf of Kutch and Mumbai offshore can deliver around 10 million metric standard cubic meters (mmscmd) of gas and an equivalent amount can be created from its onshore revelations in a block like Bantumili, Mandapeta, and Bhuvanagiri.

Sapura Fabrication’s share in the consortium is 48.3 percent which means RM1.47 billion in contract esteem.

The new contract win improves the organization’s essence in the developing business sector and Sapura Energy will proceed with its commitment to India’s oil and gas industry and in meeting the nation’s increasing energy demand.

The project is an opportunity for Sapura Energy to take an interest in a key improvement for ONGC, utilizing on the organization’s establishment deepwater information and capacities.

Source:https://www.nst.com.my/business/2018/12/437839/sapura-energy-consortium-clinches-rm3b-contract-india

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