Punj Lloyd wins Rs469 cr order from ONGC

Engineering, procurement and construction company Punj Lloyd Group said it won Rs469 crore order from state-run ONGC for laying a submarine pipeline in the Mumbai High oil and gas field in the Western Offshore.
“The project, worth Rs469 crore, is scheduled for commissioning in May, 2013,” Punj Lloyd said. The scope of work involves survey, design, engineering, procurement, fabrication and installation of 122 Km of submarine pipeline, among other objectives.
“We are happy to receive this repeat contract from ONGC. With our expertise of both offshore pipelines and platforms, coupled with our self-owned pipe-laying barges, we are confident of delivering this project to our clients’ satisfaction,” said PK Gupta, director Punj Lloyd.
The project is a part of ONGC’s efforts to develop the WO-16 cluster field, located South-East of the SH complex in the Mumbai High Field in water depths of 75-80 metre.
Punj Lloyd has previously executed two offshore pipeline projects for ONGC. “With this contract, the order backlog for the Punj Lloyd on a consolidated basis has gone up to Rs27,178 crore,” the company said.