Oil and Natural Gas Corporation (ONGC) awarded a significant offshore contract to a prominent shipyard to enhance offshore infrastructure for a major project on the west coast.
ONGC is gearing up for substantial expansion, planning to issue tenders for multiple offshore engineering, procurement, and construction (EPC) projects by 2025. The projects will encompass both brownfield and greenfield developments.
For the west coast, ONGC has allocated $3.3 billion across thirteen offshore projects. As reported by upstreamonline.com, additionally, around $4 billion is projected to be invested in at least five projects on the east coast.
