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Last Updated : 28 December 2009 at 11:05 IST

ONGC awards $162 mn contract to Dubai-based firm

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MUMBAI (Commodity Online): Oil Exploration major, Oil & Natural Gas Corporation of India Ltd (BOM: 500312) awarded USD 162 million engineering and construction contract for oil-well platform project to a Dubai-based firm.

The contract was valued in Indian currency at over Rs.753 crore for an oil-well platform project at the Mumbai High Field was given to Abu Dhabi-based company National Petroleum Construction Company (NPCC).

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The work will consist of survey, design and detailed engineering, procurement, fabrication, transportation, installation, hook-up, pre-commissioning and commissioning of under-sea pipelines and composite under-sea cables. The project will be completed by April 2011.

In October this year, NPCC signed a contract with ONGC for the construction of B-22-3 Wellhead Platforms with pipeline and modification works. The contract value is approximately 1 billion dirhams and the project is to be completed by April 2011.