• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Canvas
• Praxis
• Urban Pulse
• Brand Quest
• The New Manager

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources

Group Sites

• The Hindu
• Business Line
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Our Bureau

To jointly bid for engg projects in India, W. Asia

New Delhi , April 5

Dolphin Offshore Enterprises (India) Ltd, which provides integrated services to the offshore oil and gas industry, has signed a memorandum of understanding (MoU) with NaftoGaz, Ukraine, to work together on engineering, procurement, installation and commissioning (EPC) contracts related to the installation and commissioning of offshore platforms, pipelines, and single point mooring (SPM).

According to a statement issued here on Monday, the company said that the scope of the MoU also includes revamp and modification projects related to existing infrastructure as well. As per the terms of the MoU, Dolphin Offshore and NaftoGaz will jointly bid for engineering and construction projects in India and West Asia.

The company statement also said that notwithstanding the above, its existing relationships with Indian and other international EPC contractors would remain unaffected. NaftoGaz would also explore the possibility of outsourcing to Dolphin Offshore the supply of diving and other manpower and equipment requirements for its projects in the Black Sea and other parts of the world.

Mr Satpal Singh, Joint Managing Director, Dolphin Offshore Enterprises said, "The domestic and international oil and gas industry has been growing exponentially, and on the back of this MoU, Dolphin Offshore will have the necessary critical mass to bid for large EPC contracts and we will support NaftoGaz with our specialised diving, fabrication/topside and marine services."

NaftoGaz is Ukraine's one of the largest oil and gas company with an annual turnover of $12 billion and operate over 220 oil fields in production across the world, including the Black Sea and the Sea of Azores. They specialise in undertaking large EPC projects, including fabrication and installation of process/well platforms, and offshore pipelines.

More Stories on : Alliances & Joint Ventures | Petroleum

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
IT implementation helps LNJ Bhilwara group reduce production time, cost

Copyright © 2006, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line