State-owned Oil and Natural Gas Corp (ONGC) said Wednesday it has awarded a Rs 11,740.86 crore contract for development of its mega KG-D5 oil and gas fields to a consortium of Baker Hughes, McDermott International and L&T Hydrocarbon Engineering.
ONGC is developing a cluster of oil and gas discoveries in Krishna Godavari basin block KG-DWN-98/2 (KG-D5) at a cost of over USD 5 billion. The first gas is targeted for end 2019 and oil in March 2021.
The consortium was awarded the subsea production system (SPS) including 34 deepwater trees, and the installation of subsea umbilicals, risers and flowlines (SURF) at water depth of between 300 metres and 3,200 metres, it said in a statement here. Read more