SAPURA ENERGY SECURES RM3B CONTRACT IN INDIA

SAPURA ENERGY SECURES RM3B CONTRACT IN INDIA

PETALING JAYA: Sapura Energy Berhad and its consortium partner have been awarded a contract, esteemed at about RM3 billion, by the Oil and Natural Gas Corporation (ONGC) in India.

Sapura Energy said they will embrace engineering, procurement, construction, installation, and commissioning (EPCIC) works for CPP and living quarters for the KG-DWN 98/2 NELP square.

“The block, located off the Godavari Delta on the east coast of India, covers a territory of 7,295 square kilometers of the Krishna-Godavari bowl with water profundity extending between 300 meters and 3,200 meters,” it said in an announcement.

Sapura’s consortium partners include Sapura Fabrication Sdn Bhd (Sapura Fabrication), a completely claimed backup of Sapura Energy, and Afcons Infrastructure Limited (Afcons).

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

Sapura Energy said the new contract win improves the organization’s essence in the developing business sector.

“We are satisfied to proceed with its commitment to India’s oil and gas industry and in meeting the nation’s expanding vitality request.

“The project is an opportunity for Sapura Energy to take part in a key advancement for ONGC, utilizing on the organization’s built up deepwater learning and capacities.

“Sapura Energy welcomes the cooperative association with its consortium partners, Afcons, which is the development arm of the Shapoorji Pallonji Group, India’s driving engineering, and construction conglomerate,” it included.

Source:https://www.freemalaysiatoday.com/category/nation/2018/12/06/sapura-energy-secures-rm3-bil-contract-in-india/

Leave a Reply

Your email address will not be published. Required fields are marked *