MoneyWorks4Me

Dolphin Offshore Enterprises bags contract worth $3.99 million from ONGC

18 May 2016 Evaluate

Dolphin Offshore Enterprises (India) has bagged contract worth $3.99 million from ONGC for underwater structural repair of HC platform in Heera Field. The duration of contract is 240 days from 16th October, 2016.

The company has signed a charter party agreement with Sanat Gostar Kish Co (SGK) for deployment of the vessel E. Francis and Diving personnel in the Middle East. This vessel was hired by the company from a company in the Middle East. The contract value is $ 7 million (approximate) and the contract duration of the charter hire is 200 days.

Dolphin Offshore Enterprises (India) is a leading provider of underwater services to the Indian oil and gas industry.

Peers
Company Name CMP
ONGC 235.70
Oil India 471.90
Jindal Drilling&Inds 592.25
Deep Industries 772.40
Asian Energy Service 491.45
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