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Kvaerner bags Rs.1,800 crore contract from Reliance

Wednesday, 10 May 2006
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Aker Kvaerner of Norway has bagged a sub-sea equipment contract worth Rs.1,800 crore ($400 million) from Reliance Industries for providing an 18 well sub-sea system for the exploration and production in deepwater gas block in the Krishna Godavari basin (KG-D6).

Kvaerner's sub-sea division will supply the complete production system including trees, manifolds, steel tube umbilicals and power cables, controls system and associated connections to tie the subsea production system to an onshore gas terminal. The subsea production system will be installed in water depths from 700-1,700m.

The first deliveries of equipment are scheduled by July 2007.

Also See:

Reliance makes oil discovery (20-Apr-06)

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