Punj Lloyd on Monday said it has bagged ONGC’s Rs 730 crore B-127 cluster pipeline project in Mumbai.
The selection is made though bidding process. The B-127 cluster comprises three marginal fields: B-127, B-157 and B-59, which are located North of Mukta and additional development of B-55 Field and satellite asset in Bombay offshore basin.
The B-127 cluster development has an estimated cumulative production of 1.836 million tonne of oil and 2.093 billion cubic metre of gas over a ten-year period and the additional development of B-55 envisages production of 0.155 million tonne oil and 2.583 billion cubic metre gas over 13 years, Punj Lloyd said in a statement.
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