SapuraKencana gets $273M contract from ONGC

SapuraKencana Petroleum Berhad has been awarded with a lump sum contract by Oil and Natural Gas Corporation Limited for the Mumbai High South Redevelopment Phase – III Project on a turnkey basis.

Mumbai High field is located about 165 km of Mumbai in the Arabian Sea on the continental shelf of western India.

The contract value is approximately $273 million including taxes and duties, and excluding the Service Tax in India.

According to SapuraKencana’s Bursa Malaysia filing, the scope of work includes but it is not limited to surveys, design, engineering, procurement, fabrication, transport and installation, hook-up, and commissioning of three new Well Head platforms, around 116 kilometres of submarine pipelines, around 7.5 kilometres 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 company noted that the contract agreement was signed by both parties and executed on June 27, 2015 at Mumbai, India. The overall project completion is scheduled on April 30, 2017.

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