SapuraKencana Bags $212M Deal for Mumbai High South Redevelopment Project
SapuraKencana Petroleum Berhad, a Malaysia-based integrated oil and gas services and solutions providers, disclosed Monday that its wholly-owned subsidiary company, Kencana HL Sdn Bhd (now named SapuraKencana HL Sdn Bhd), has been awarded a $211.95 million turnkey contract by India's state-owned Oil and Natural Gas Corporation Ltd. (ONGC) for the Mumbai High South Redevelopment Phase - III Project offshore India's west coast.
Under the contract, the workscope includes but is not limited to surveys, design, engineering, procurement, fabrication, transport and installation, hook-up, and commissioning of three new wellhead platforms, around 72 miles (116 kilometers) of submarine pipelines, around 4.67 miles (7.5 kilometers) of submarine cable, modification works on existing platforms including clamp-on works on two platforms, subsea repair works on three jackets and D1C pile remedial works.
"The contract agreement was signed by both parties and executed June 27 at Mumbai, India," SapuraKencana said in a filing with local stock exchange Bursa Malaysia.
Work on the ONGC contract is scheduled for completion on April 30, 2017.
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