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OCT 12 2017

L&T bags Rs 1,150-cr offshore contract from ONGC

  • Economic Times, ET Bureau / Hyderabad
  • Created: Thu 12th OCT 2017

 

L&T Hydrocarbon Engineering Ltd (LTHE), a wholly-owned subsidiary of infrastructure major Larsen & Toubro (L&T), announced winning an offshore contract from Oil & Natural Gas Corporation (ONGC) valued at around around Rs 1,150 crore.

The order is for transportation and installation of the Daman Development Project, the company has informed the exchanges, adding that the contract encompasses total ‘EPCIC’ – Engineering, Procurement, Construction, Installation and Commissioning for the project.

Daman Development Project is a part of ONGC’s strategy to extract gas from the Daman field located in the south-western part of the Tapti-Daman block in Mumbai offshore, 160-200 km North-West of Mumbai city and 160 km West of Daman.

The new order reiterates the long-term association of ONGC with L&T in the development of offshore fields in India, the company noted. LTHE has successfully completed several large projects in the offshore segment, delivering platforms, processing facilities, subsea pipelines, offshore and onshore modules and refurbished offshore drilling rigs to Indian and international companies, including ONGC, GSPC, British Gas, Songas, Qatar Petroleum, Shell and others.

 

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