Malaysian firm wins $685 mn pipe contract from ONGC

Malaysian firm wins $685 mn pipe contract from ONGC
AFP
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First Published: Mon, Jan 28 2008. 01 40 PM IST
Updated: Mon, Jan 28 2008. 01 40 PM IST
Kuala Lumpur: Malaysian firm Ramunia Holdings announced on Monday, 28 January, that it had secured an offshore pipeline contract worth $685 million from India’s biggest oil producer Oil and Natural Gas Corp (ONGC).
Ramunia said the project includes design, engineering and installation works for a cluster field in the Heera-Panna-Bassein block about 60 kilometres (37 miles) to 90 kilometres west of Bombay.
The cluster field is close to the Bassein gas field and in water depth of 60 to 75 metres, the oil and gas fabricating company said in a notice to the Kuala Lumpur Stock Exchange.
The contract, which also involves modifications on existing facilities, will enhance the company’s earnings for the 2008 to 2010 financial years.
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First Published: Mon, Jan 28 2008. 01 40 PM IST
More Topics: Malaysia | India | Energy | ONGC | Ramunia |