In India, the Ministry of Petroleum and Natural Gas has awarded Punj Lloyd, an integrated design, engineering, procurement, construction and project management services provider, an Rs330 crore contract for the construction of a planned oil storage cavern in Mangalore, the Economic Times reports.
The Mangalore-based underground facility, which will be located close to Mangalore Refinery and Petrochemicals, will feature two 900m-long caverns with a total storage capacity of 1.5 million tonnes of crude oil.
The project is slated for completion in just less than 30 months’ time. Punj Lloyd’s contract includes the engineering, procurement, construction and commissioning of infrastructure related to receipt and delivery of crude oil, metering, heating, wastewater treatment and flaring, among other things.
Speaking about the contract, Punj Lloyd’s director P K Gupta was quoted as saying: ‘We have constructed over 300 tanks globally, with over 8 million m3 of storage capacity. We are proud to be a part of this strategic initiative of the Government of India to build reserves of crude oil at important locations, which will feed a cluster of refineries.’