McDermott-led consortium wins ONGC contract
India While neither of the companies involved have publicly announced information on the winning bidders, oil and gas publication Upstream Online has verified the deal through “three sources closely associated with the tender process.” According to an Upstream report last week, the lowest bidder for the contract was a consortium of McDermott and Larsen & Toubro, which submitted a bid of $366 million.
The Vashishta field sits at a water depth of 500-700 metres and holds an estimated 12.9 bcm (456 bcf) of gas. At a depth of 250-300 metres, the S1 field contains about 8.3 bcm (293 bcf) of gas.
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