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News Brief | February 2013

ONGC lines up 44 mega projects for 2012-17

Sudhir Vasudeva, Chairman and Managing Director of ONGC informed that the state-run oil and gas explorer will execute 44 mega projects worth about Rs 86,862 crore between 2012-17. Of these projects, 16 would be on-land projects and 28 offshore. 

Most of the projects are lump-sum turnkey contracts (LSTK). The company has about 250 on-land installations, about 220 offshore platforms, over 5,500 km of submarine pipelines and over 15,000 km of on-land pipelines. Most of these were constructed many years ago and they are up renewal.

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