The Hindu Business Line : ONGC completes project before schedule

THE first phase of the 9-well platform project, of ONGC's Mumbai High Asset, has been completed successfully before its schedule of April 15, according to a company communiqué.

This is a part of the ONGC's redevelopment plan - to enhance production - from the Mumbai High (South) field of ONGC.

The project, to be completed in two phases, was awarded to Larsen & Toubro on February 20, 2004 at a cost of Rs 514.19 crore plus 84.31 million euro (total Rs 1,006.50 crore).

Under phase II, four well platforms - RS4 (6 slots), RS5 (9 slots), RS7 (9 slots) and RS8 (6 slots) - will be installed and are expected to be completed by February 28, 2006.

The Project Team of Offshore Works, Offshore Design, and support of Finance, Materials Management, Asset Team of Mumbai High Asset and efforts of the contractors were instrumental in this feat.

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