Sapura Energy Berhad revealed Thursday that it and its consortium partner, Afcons Infrastructure Limited, have been granted an ONGC services contract esteemed at roughly $719 million (RM 3 billion).
Under the agreement, the consortium partners containing Sapura Fabrication Sdn Bhd, an entirely possessed auxiliary of Sapura Energy, and Afcons, will be mutually embraced engineering, acquisition, development, establishment and commissioning works for a central processing platform and living quarters for the KG-DWN 98/2 NELP square.
Sapura Fabrication’s share in the consortium is 48.3 percent, which means around $352 million (RM 1.47 billion) in contract esteem.
“The new contract win improves the organization’s essence in the developing business sector and Sapura Energy is satisfied to proceed with its contribution to India’s oil and gas industry and in meeting the nation’s increasing energy demand,” Sapura Energy said in an organization proclamation.
“The project is an opportunity for Sapura Energy to take part in a key advancement for ONGC, utilizing on the organization’s established deepwater knowledge and abilities,” Sapura Energy included.
A month ago, Sapura Energy declared that it had strengthened its quality in Mexico and Malaysia with new contract wins esteemed at around $419 million (RM 1.75 billion).
Sapura Energy said in an organization statement at the time that the new contracts had lifted the organization’s order book to $4.3 billion (RM 18 billion) and aggregate contract wins to-date for this year to $1.6 billion (RM 7 billion).
Sapura Energy portrays itself on its site as a “leading global integrated oil and gas services and solutions provider operating across the entire upstream value chain”.