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Sapura Energy secures USD 720 million contract in India

Gasoil News - Published on Fri, 07 Dec 2018

Image Source: Free Malaysia Today
Sapura Energy Berhad and its consortium partner have been awarded a contract valued at approximately USD 720 million by Oil and Natural Gas Corporation (ONGC) in India. The consortium partners comprising Sapura Fabrication Sdn Bhd (Sapura Fabrication), a wholly-owned subsidiary of Sapura Energy, and Afcons Infrastructure Limited, will be jointly undertaking Engineering, Procurement, Construction, Installation and Commissioning (EPCIC) works for a Central Processing Platform (CPP) and Living Quarters for KG-DWN 98/2 NELP block. The block, located offshore the Godavari Delta on the east coast of India, covers an area of approximately 7,295 kilometres of the Krishna-Godavari basin with water depth ranging between 300 metres to 3,200 metres.

Sapura Fabrication’s share in the consortium is 48.3% which translates to approximately RM1.47 billion in contract value. The new contract win enhances the company’s presence in the growing market and Sapura Energy is pleased to continue its contribution to India’s oil and gas industry and in helping to meet the country’s increasing energy demand. The project is an opportunity for Sapura Energy to participate in a key development for ONGC, leveraging on the company’s established deepwater knowledge and capabilities.

Sapura Energy welcomes the collaborative relationship with its consortium partner, Afcons, which is the construction arm of the Shapoorji Pallonji Group, India’s leading engineering and construction conglomerate.

Source :

Posted By : Joykumar Irom on Fri, 07 Dec 2018
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