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KUALA LUMPUR - Malaysian firm Ramunia Holdings
announced Monday it had secured an offshore pipeline contract worth 685 million
dollars (S$975 million) from India's biggest oil producer Oil and Natural Gas Corp (ONGC).
Ramunia said the project includes design, engineering and installation
works for a cluster field in the Heera-Panna-Bassein block about 60 km to 90 km west of Bombay.
The cluster field is close to the Bassein gas field and in water depth of
60m to 75m, the oil and gas fabricating company said in a notice to the
Kuala Lumpur Stock Exchange.
The contract, which also involves modifications on existing facilities,
will enhance the company's earnings for the 2008 to 2010 financial years. -- AFP
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