Sapura Energy secures RM3 bil contract in India

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

Sapura Energy said they will be undertaking engineering, procurement, construction, installation and commissioning (EPCIC) works for a central processing platform (CPP) and living quarters for the KG-DWN 98/2 NELP block.

“The block, located off the Godavari Delta on the east coast of India, covers an area of 7,295 square kilometres of the Krishna-Godavari basin with water depth ranging between 300 metres and 3,200 metres,” it said in a statement.

Sapura’s consortium partners comprise Sapura Fabrication Sdn Bhd (Sapura Fabrication), a wholly-owned subsidiary of Sapura Energy, and Afcons Infrastructure Limited (Afcons).

Sapura Fabrication’s share in the consortium is 48.3%, which translates to RM1.47 billion in contract value.

Sapura Energy said the new contract win enhances the company’s presence in the growing market.

“We are 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,” it added