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Engineering, procurement and construction (EPC) major Punj Lloyd has bagged the contract to build a 115.5-kilo-metre Mumbai under sea pipeline project from ONGC Ltd.
Punj Lloyd became the lowest bidder for an amount of Rs 730 crore for a price bid which opened on April 25.
The company’s scope of work for the B-127 cluster pipeline project will include detailed engineering design, surveys, procurement, fabrication, load out, tie down/sea fastening, tow-out / sail-out, transportation, installation, hook-up, pre-commissioning and commissioning of 115.5 km rigid submarine pipelines in nine segments and topside modifications of four existing platforms, it said in a statement today. The project needs to be completed by May 2014.
The B-127 cluster comprises three marginal fields: B-127, B-157and B-59 located North of Mukta and additional development of B-55 Field of Bassein and satellite asset in Bombay offshore basin, with significant hydrocarbon accumulations in multi-layered reservoirs within the Bassein and Mukta formations. The B-127 cluster development has an estimated cumulative production of 1.836 million tonne of oil and 2.093 billion cubic metre of gas over a ten-year period and the additional development of B-55 envisages production of 0.155 million tonne oil and 2.583 billion cubic metre gas over 13 years.
P K Gupta, director, Punj Lloyd said, “Winning this contract for cluster field in Bombay High from ONGC after being awarded the earlier WO 16 cluster and SB 14 pipeline project, is a reflection of our progression up the value chain from our initial offshore projects of pipelines and platforms.”
Punj Lloyd has executed various offshore pipelines projects for ONGC including Uran-Trombay gas pipeline and Uran-Trombay-Jawahardeep Pipeline, and Heera Redevelopment Project.
