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US player in frame for flagship ONGC deep-water development contract - Upstream Online

Upstream Online · last updated

US player in frame for flagship ONGC deep-water development contract | Upstream Online

A leading US-based offshore contractor has submitted the single bid for a prized transportation & installation (T&I) contract for India’s Oil & Natural Gas Corporation (ONGC) involving unfinished work on its $5 billion Cluster 2 deep-water development, off the country’s east coast.

ONGC is spending billions of dollars to ramp up oil and gas production from its Krishna Godavari basin deep-water assets, which are expected to contribute more than 35 million cubic metres per day of gas and up to 77,000 barrels per day of oil at peak.

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