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ONGC's KG-DWN-98/2 FPSO contract value can soar to $2.75 billion: Concerns over JV partner's health
May 10: The Shapoorji-Pallnonji group's tie-up with Bumi Armada has yielded a contract that is valued at a massive $2.1 billion. The contract can eventually be worth around $2.75 billion.
8Shapoorji-Pallonji, with a 70% stake in the JV will have to raise a lot of money to fund the building of the FPSO in double quick time
8But more than the Indian group, there are deep concerns over whether Bumi Armada will be able to cough up its share of the project.
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