PETALING JAYA: Sapura Energy Bhd and its consortium partner have won a RM3 billion contract from Oil and Natural Gas Corp Ltd (ONGC) in India.
The consortium partner containing Sapura Energy’s entirely owned auxiliary Sapura Fabrication Sdn Bhd and Afcons Infrastructure Ltd will be jointly undertaking engineering, procurement, establishment and commissioning (EPCIC) works for a Central Processing Platform and Living Quarters for KG-DWN 98/2 NELP square.
The block, located offshore the Godavari Delta on the east coast of India, covers a region of around 7,295 kilometers of the Krishna-Godavari basin with water depth ranging from 300 meters to 3,200 meters.
Sapura Fabrication’s share in the consortium is 48.3% which means about RM1.47 billion in contract esteem. The works are relied upon to be finished by January 2021.
Sapura Energy said the new contract win improves the group’s quality in the developing business sector
“The project is an opportunity for Sapura Energy to take an interest in a key advancement for ONGC, utilizing on the organization’s set up deepwater knowledge and capacities.”
Afcons is the development arm of India’s engineering and construction combination Shapoorji Pallonji Group.
Sapura Energy expects that the contract should contribute emphatically towards its income for the budgetary year finishing January 31, 2019, and for the financial period from there on inside the term of the agreement.