# ONGC awards $1.52B deep-water development contract to BHGE, McDermott, L&T Hydrocarbon

India's Oil & Natural Gas Corporation (ONGC) has awarded a Rs117.4 billion ($1.52 billion) contract to Baker Hughes (BHGE), McDermott, and L&T Hydrocarbon (LTHE) for the KG-DWN-98/2 deep-water development project in the Krishna Godavari basin. The contract covers subsea equipment and services including 34 deep-water trees.

- Type: Contract
- Announced: 2018-10-05
- Where: Krishna Godavari basin, India, India
- Value: $1.52B
- Status: completed
- Products: subsea production systems, deep-water trees, subsea umbilicals, risers and flowlines
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Baker Hughes](https://endata.com/companies/1895.md) (supplier)
- [McDermott International](https://endata.com/companies/2424.md) (supplier)
- [L&T Hydrocarbon Engineering](https://endata.com/companies/4112.md) (supplier)
- [Oil & Natural Gas Corporation](https://endata.com/companies/8848.md) (customer)

## Sources

- [offshore-technology.com](https://www.offshore-technology.com/news/ongc-deep-water-development/), 2018-10-04: "India’s Oil & Natural Gas Corporation (ONGC) has awarded a Rs117.4bn ($1.52bn) contract to Baker Hughes (BHGE), McDermott and L&T Hydrocarbon (LTHE) for the deep-water development project."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.