An Abu Dhabi-based company has won a $141 million contract from India's Oil and Natural Gas Corporation LtdBSE -0.35 % (ONGC) to provide engineering, procurement and construction services for two of its projects.
National Petroleum Construction Company (NPCC) will be involved in the replacement of 10 wellhead platform topsides at ONGC's Mumbai High North and South fields, MHN and MHS, respectively, a statement released by the UAE's official news agency Wam said.
Out of these 10, four are on the MHN field while six are located on MHS.
The decommissioning and removal of the existing topsides are part of the engineering, procurement and construction (EPC) contract.
The project is scheduled to be completed on April 30, 2018.
According to the statement, Aqeel Madhi, CEO of NPCC, and Manas Chakraborty, Group General Manager (MM)-ES of ONGC, signed the contract.
NPCC is owned by Senaat, an Abu Dhabi Government Holding Company, and has successfully executed several mega EPC projects for ONGC over the past three decades.
"ONGC has been a valued client of NPCC for decades and we take pride in winning and executing ONGC projects. Outside GCC, India is a key market for us and our long-term commitment to ONGC speaks for itself.
As always, we will deliver this project adhering to the highest standards and as per client's expectations," Madhi said.
Add Comment