L&T wins US$253 million oil and gas project
By Mike Hayes20 March 2017
L&T Hydrocarbon Engineering (LTHE), a wholly owned subsidiary of Larsen & Toubro (L&T), has been awarded a US$253 million oil and gas contract.
The firm beat international competition to win the project at the Neelam oil field, situated off the west coast of India.
The contract was awarded by the Oil & Natural Gas Corporation (ONGC), as part of its strategy to enhance the field life of the oil field and increase recovery potential.
The scope of LTHE’s operation will include the construction of a process platform with gas processing and compression facilities, plus three new well-head platforms, a 32 km pipeline, clamp-on on three existing platforms and modification work on eight existing platforms.
The work is expected to be completed by April 2019, and is granted as an EPCIC (engineering, procurement, construction installation and commissioning) project.