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Tuesday, 02 December, 2008, 00:10 GMT | more >>

Pair give up Mumbai High platform wait



By Upstream staff 

An agreement between Malaysia's Ramunia Holdings and India's Punj Lloyd to bid together for a major production platform job in India has lapsed.

The two companies teamed up in May 2007 to bid on an exclusive basis for the replacement platform for the Mumbai High North Development (MHN) owned by India’s ONGC.

By late December 2007, Ramunia warned there had been no material development in the project since the signing of the alliance agreement.

Yesterday, Ramunia said in a stock exchange announcement that the tie-up agreement had lapsed and ceased to be effective.

A fatal fire at the Bombay High North field in July 2005 led to the destruction of the field's main production facilities.

The original main oil-processing platform was a large facility weighing more than 20,000 tonnes.

The fire, sparked when a multi-purpose supply vessel collided with the platform, claimed at least 11 lives.


Thursday, 03 April, 2008, 04:21 GMT  | last updated: Thursday, 03 April, 2008, 04:21 GMT

Inferno: the Mumbai High platform burns after being struck by a platform supply vessel in July 2005
 

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