Malaysia’s Sapura Energy and India’s Afcons have won a contract with India’s oil and gas organization ONGC to fabricate offshore platform and living quarters.
Sapura Energy said on Thursday the agreement was worth 3 billion Malaysian ringgit, or around $720 million.
The consortium accomplices including Sapura Fabrication and Afcons will be responsible in charge of the building, the engineering, procurement, development, establishment, and appointing of a Central Processing Platform (CPP) and Living Quarters for KG-DWN 98/2 NELP square.
The block sits offshore the Godavari Delta on the east coast of India and spreads a region of around 7,295 kilometers of the Krishna-Godavari basin. Water profundity at the block ranges between 300 meters to 3,200 meters.
Sapura Fabrication’s share in the consortium is 48.3 percent which means roughly RM1.47 billion in contract esteem, Sapura Energy, a parent organization of Sapura Fabrication, said.
“The new contract win improves the organization’s quality in the developing business sector and Sapura Energy is satisfied to proceed with its commitment to India’s oil and gas industry and in meeting the nation’s expanding vitality demand. The project is an opportunity for Sapura Energy to take an interest in a key advancement for ONGC, utilizing on the organization’s built up deepwater knowledge and abilities,” Sapura Energy said.