India: Punj Lloyd Bags Three Oil & Gas Contracts Worth USD 142 million

Punj Lloyd Group, a diversified global engineering, procurement and construction (EPC) conglomerate,  announced winning three oil & gas contracts in India, Oman and Indonesia amounting to Rs 645 crore. These contract wins clearly demonstrate Punj Lloyd’s multi-geographical presence and diverse service offerings in the oil & gas sector.

The largest of the three contracts valued at Rs 323 crore has been awarded by Petroleum Company Occidental Mukhaizna for engineering, procurement and construction of a new water treatment plant at their oil production fields in Oman. This is the Group’s third project in Oman. The water treatment plant will generate steam to be injected into the oil fields in Mukhaizna to extract oil. The scope of work also includes upgradation of the central processing facilities. The project will be executed over a period of 27 months.

The second contract has been conferred by Indonesian oil company Pertamina for a value of Rs 271 crore. The scope of work for the contract includes engineering, procurement, construction, installation and commissioning (EPCIC) of three well head platforms and laying 3 segments of 18.6 km of offshore gas pipeline along with subsea ‘wye’ installation in existing pipeline without any shut down. The scope of work also includes EPCIC for restaging and reconfiguration of 2 compressor trains including deck extension and platform modification work. Pertamina was Punj Lloyd’s first client when it began operations in Indonesia in 1992, with the laying of the 210 km Balongan – Jakarta Product Pipeline.

The third contract has been awarded by GAIL (India) Ltd, India’s largest gas transmission and marketing company for laying 112 km long pipeline from Vijaipur (Madhya Pradesh) to Boreri (Rajasthan) and augmentation of the existing Vijapur-Kota pipeline for a contract value at Rs 51 crore. The stipulated time for the completion of the project is 6 months. The Group has executed various projects for GAIL in the past.

With these contracts, the order backlog for the Punj Lloyd Group on consolidated basis has gone up to Rs 29,423 crore. This is the total value of unexecuted orders as on September 30, 2010 and new orders received after that day.

About Punj Lloyd:

The Punj Lloyd Group is a diversified international conglomerate offering EPC services in Energy and Infrastructure along with engineering and manufacturing capabilities in the Defence sector. Known for its capabilities in delivering mega projects “on time,” thereby ensuring repeat customers, the Group possesses a rich experience of successfully delivered projects across the globe, while maintaining the highest standards of health, safety, environment and quality (HSEQ).

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Source: Punj Lloyd, January  21, 2011;