L&T Hydrocarbon Engineering Secures Order worth about 229 Million USD from ONGC
Monday 8 January 2018
L&T Hydrocarbon Engineering Limited (LTHE), a
wholly-owned
subsidiary of Larsen & Toubro, has signed an offshore contract for
‘Bassein Development 3 Well Platform & Pipeline Project’ with Oil
& Natural Gas Corporation (ONGC) valued at approximately ₹ 1,483
crores (~ 229 Million USD).
The order, won against
International Competitive Bidding, encompasses ‘EPCIC’ – Engineering,
Procurement, Construction, Installation and Commissioning - for the
project. The EPCIC scope of the project includes three new wellhead
platforms, 23-
kilometer subsea pipeline, composite subsea power
cable, clamp-on works on an existing platform and modification work on
nine existing platforms in the western offshore basin in India.
The
project, part of ONGC’s strategy to jointly develop three small and
marginal fields/blocks namely B-147, BSE-11 and NBP-E under ‘Bassein
Development 3 Well Platform Project’, is scheduled to be completed by
May 2019.
L&T has been serving the upstream
hydrocarbon sector since the early ’90s. This contract reiterates the
long-term association of L&T with ONGC in the development of
offshore fields in India. The Company’s offshore track record includes
successful
completion of several challenging projects for domestic and international clients.
LTHE
provides complete ‘EPCIC’ solutions for the offshore oil & gas
industry combining customized engineering, procurement, fast-track
project management and world-class fabrication and sea installation
capabilities meeting stringent
timelines, conforming to international safety standards.