Saturday, September 13, 2014

India - Oil and Gas Production - L&T Hydrocarbon wins orders worth Rs 1,340 cr offshore contract from ONGC and Rs 580 cr deal from top company hydrocarbon downstream processing firm

L&T Hydrocarbon wins orders worth Rs 1,920 crThe division has secured Rs 1,340 cr offshore contract from ONGC and Rs 580 cr deal from top company hydrocarbon downstream processing firm

L&T Hydrocarbon Engineering Limited (LTHE), a fully-owned subsidiary of Larsen & Toubro Limited, has secured new orders in the offshore and onshore segments worth Rs 1,920 crore from domestic oil and gas majors.

“An offshore contract valued at Rs 1,340 crore from the Oil & Natural Gas Corporation (ONGC), won against international competitive bidding, includes engineering, procurement, construction and installation of five wellhead platforms at the Mumbai High North field of ONGC. The project, part of ONGC’s strategy to re-develop Phase-III of Mumbai High North field to enhance production from existing reservoirs, is scheduled to be completed by March, 2016,” said L&T in a press release.

In the onshore segment LTHE has secured a contract valued at approximately Rs 580 crore from a leading company engaged in hydrocarbon downstream processing. LTHE will carry out engineering, procurement and construction of a dual service cryogenic storage tank facility, suitable for liquid ethane and liquefied natural gas and engineering work for the balance of the facilities to be installed at the client’s manufacturing complex.

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Publication Date: 08 September 2014

1 comment:

  1. Great news for the development of offshore assets through international competitive bidding. Corrosion is one of the major challenges encountered in the offshore oil and gas production environment. Our state-owned enterprises are not fully equipped to learn from the global experience and use it for resolving our environment specific corrosion issues. We do not find a full fledged corrosion management and an established asset integrity assurance system to deal with aggressive offshore environment. Our country is yet to develop programs like Joint Industry Projects (JIPs) to address the materials and corrosion concerns with specific reference to our Indian operating conditions.


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