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Sapura Energy JV secures RM3b EPCIC contract

TheStar Thu, Dec 06, 2018 - 5 months ago

KUALA LUMPUR: Sapura Energy Bhd and a consortium partner have received a RM3bil engineering, procurement, construction, installation and commissioning (EPCIC) contract from India's Oil and Natural Gas Corp.

Sapura Energy's wholly owned Sapura Fabrication Sdn Bhd is entitled to about RM1.47bil of the contract value as it has a 48.3% stake in the partnership with Afcons Infrastructure Ltd.

The EPCIC works will take place at the central processing platform (CPP) and living quarters for the KG-DWN 98/2 NELP block.

"The block,located offshore the Godavari Delta on the east coast of India, covers an area of approximately 7,295km of the Krishna-Godavari basin with water depth ranging between 300m to 3,200m," said the group in a statement.

"The new contract win enhances the company’s presence in the growing market and Sapura Energy is pleased to continue its contribution to India’s oil and gas industry and in helping to meet the country’s increasing energy demand.

"The project is an opportunity for Sapura Energy to participate in a key development for ONGC, leveraging on the company’s established deepwater knowledge and capabilities."

Consortium partner Afcons is the construction arm of Shapoorji Pallonji Group, India's leading engineering and construction conglomerate.

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