(Upstream)
A trio of leading engineering, procurement, construction and installation players are battling it out for a “sizeable” offshore pipelay contract from India’s state-controlled Oil & Natural Gas Corporation (ONGC).
Multiple people familiar with the development told Upstream that up to three players recently submitted bids to ONGC for the seventh development phase of its pipeline replacement project (PRP-7) on India’s western coast.
ONGC operates some of the nation’s largest western offshore fields, some of which are maturing and require several phases of reinvestment to rejuvenate production.
The Indian giant said earlier that it plans to spend more than $4 billion this year on lump-sum turnkey projects, services and procuring materials.
Those said to have submitted technical and commercial bids to ONGC include Indian engineering company Larsen & Toubro (L&T), Abu Dhabi’s National Petroleum Construction Company (NPCC) and a grouping led by the Iranian Offshore Engineering and Construction (IOEC) company.
