ONGC Awards Ramunia a $685M Pipeline Contract Offshore India

Ramunia Holdings Bhd announced that it has been awarded a U.S. $685 million contract from India’s Oil and Natural Gas Corporation Ltd according to AFX News.

Ramunia's subsidiaries Ramunia International Sercives Ltd and Ramunia Fabricators Sdn Bhd received the notification of award from ONGC for a submarine pipeline project in the Heera-Panna-Bassein block of the Bombay offshore basin, about 60 to 90 kilometers west of Mumbai city.

Ramunia reported that the contract includes updating existing facilities, engineering, fabrication, and surveys and testing. The pipeline project will be completed in water depth ranging from 60 to 75 meters.

Ramunia has suspended share trading for this announcement, although the company expects the contract to prove a positive influence on earnings in the fiscal years ahead.


We want to hear from you. Questions, opinions and suggestions are all welcomed by the Rigzone Staff. Write us at news@rigzone.com .

Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE


Most Popular Articles


From the Career Center
Jobs that may interest you
Dispatcher Level 1 and Level 2
Expertise: Logistics Management
Location: Denton
 
Junior-Level Mechanical HVAC Design / Energy Audit Engineer
Expertise: HVAC|Mechanical Engineering
Location: San Antonio, TX
 
Mechanical Superintendent, Construction
Expertise: Construction Engineer|Mechanical Technician
Location: Alvin, TX
 
search for more jobs

Brent Crude Oil : $51.46/BBL 4.63%
Light Crude Oil : $48.9/BBL 4.78%
Natural Gas : $3.18/MMBtu 0.90%
Updated in last 24 hours