ONGC re-tenders key contract on India’s flagship deep-water development



India’s Oil & Natural Gas Corporation (ONGC) has issued a brand new tender for a key transport and installation (T&I) contract involving unfinished work on its $5 billion Cluster 2 deep-water development, off the country’s eastern 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 crude at peak.