India's Punj Lloyd wins $57m Saudi contract

Conglomerate secures deal for offshore oil and gas project in Al-Khafji in Gulf kingdom

(Photo for illustrative purposes only)

(Photo for illustrative purposes only)

Indian conglomerate Punj Lloyd has secured a contract worth more than $57m for an offshore project in Al-Khafji in Saudi Arabia.

The engineering, procurement and construction group said the project was scheduled for commissioning in September 2014.

The award comes from Al-Khafji Joint Operations - a joint operation of Aramco Gulf Operations Company Limited and Kuwaiti Gulf Oil Company - which is behind oil and gas exploration development and production in an offshore area between Saudi Arabia and Kuwait.

Commenting on the award, PK Gupta, director, Punj Lloyd, said: “Middle East has a huge potential in the offshore space and this project marks our entry into this huge market.

"With our extensive expertise of offshore pipelines and platforms, self owned technologically advanced barges, we are committed to delivering this project to our client’s satisfaction."

The scope of work for the project includes detail design, engineering, procurement, testing, transportation and construction and installation of a new crude transmission line, and 40km submarine rigid pipeline.

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