Dolphin, NaftoGaz form consortium to bid for bigticket E

Mumbai, Apr 3 (UNI) Dolphin Offshore Enterprises, provider of integrated services to the Offshore Oil and Gas industry, has signed a memorandum of understanding (MoU) with NaftoGaz to work together on Engineering Procurement installation and Commissioning (EPC) contracts.

Dolphin said the contracts were related to the installation and commissioning of offshore platforms, pipelines and Single Point Mooring (SPM). The scope of the MoU also includes revamp projects related to existing infrastructure as well, the company release said.

As per the terms of the MoU, Dolphin Offshore and NaftoGaz will jointly bid for engineering and construction projects in India and the Middle East.

NaftoGaz will also explore the possibility of outsourcing to Dolphin Offshore, the supply of diving and other manpower and equipment requirements for its projects in the Black Sea and other parts of the world.

Commenting on the development, Dolphin Offshore Enterprises Joint Managing Director Satpal Singh said, ''The domestic and international Oil&Gas industry has been growing exponentially, and on the back of this Mou, Dolphin Offshore will have the necessary critical mass to bid for large EPC contracts and we will support NaftoGaz with our specialised diving, fabrication/topside and marine services.'' NatfoGaz is Ukarine's largest oil and gas company with an annual turnover of US$ 12 billion and operate over 220 oil fields in production across the world including the Black Sea and the Sea of Azores.

UNI SN KU AG2013