India's ONGC Awards Major FPSO Project, an Industrial Info Market Brief

India's Oil & Natural Gas Corporation (ONGC) Limited recently awarded an engineering, procurement and construction (EPC) contract to a joint venture between Bumi Armada and Shapoorji Pallonji and Company Limited. The joint venture will build a $1 billion floating production storage and offloading (FPSO) unit in the Krishna Godavari (KG) Basin.

Industrial Info is tracking 171 active ONGC projects, worth $7.05 billion. Click here for a list, or see map below.