HYDERABAD: NYSE-listed energy firm Technip has bagged a euro 100 million contract from Oil and Natural Gas Corporation Ltd (ONGC) to build an oil and gas terminal at Odalarevu in Andhra Pradesh.
Technip’s operating centre in Delhi, will manage and execute the project, which is scheduled to be completed in the second half of 2016. The contract involves building a 6 MMSCMD onshore terminal in AP, as part of ONGC’s Integrated Development of Vashishta (VA) and S1 fields.
These fields are located 30-35 km off the Amalapuram coast in the KG Basin.
According to Technip, the onshore terminal is of the critical components of the Integrated Development of VA and S1 fields.
The scope of the EPCC contract includes basic design, detailed engineering, procurement, fabrication, inspection and testing, installation, pre-commissioning and commissioning of the new onshore terminal facilities which will be integrated to the existing terminal.
The hydrocarbons extracted from VA and S1 deep water offshore fields will be transported to the proposed onshore oil and gas terminal for processing, said Technip.
The facility also consists of a slug catcher for well fluid separation, gas compressors, high integrity pressure protection system (HIPPS), glycol dehydration, dew point control, mono ethylene glycol regeneration and gas metering system.
“The Vashistha project represents an important milestone for Technip’s operations in India. We will leverage our long experience and track record in the country to deliver this project for ONGC, with whom we are looking forward to further strengthen our strategic collaboration in the future,” said Nicoletta Giadrossi, President, Technip’s Region A.