L&T Secures $113M EPCI Contract for Panna-Mukta Fields off India
India's Larsen & Toubro announced Thursday that its subsidiary L&T Hydrocarbon Engineering Limited has recently secured new orders of $162 million (INR 10 billion) from the Indian domestic market in its offshore and onshore business sectors.
The major order is an offshore contract from BG Exploration and Production India (BGEPIL) valued around $113.4 million (INR 7 billion). The contract, won against international competitive bidding, encompasses total Engineering, Procurement, Construction and Installation of one wellhead platform and subsea pipe laying 18.6 miles (30 kilometers), spread over the Panna-Mukta fields of joint venture - ONGC-RIL-BGEPIL.
The project, part of the joint venture’s strategy to boost production to meet India’s rising energy demands, is scheduled to be completed by March 2015. In addition to conventional wellhead facilities, the scope also includes installation of piggy back pipeline on the in-field pipeline from an existing PPA Host Complex.
In the onshore sector, L&T Hydrocarbon has also won an additional order of $48.6 million (IDR 3 billion) for construction, from a leading refinery in India.
L&T Hydrocarbon provides complete design-to-build engineering and construction solutions for the oil and gas sector. In-house expertise, extensive experience and collaborations with strategic business partners enable it to deliver end-to-end solutions for every phase of a project – from front-end design engineering through fabrication, project management, procurement, construction and installation to commissioning.
L&T is a $14 billion technology, engineering, construction, manufacturing and financial services conglomerate, with global operations. Its products and systems are marketed in over 30 countries worldwide. L&T is one of the largest and most respected companies in India’s private sector. A strong, customer-focused approach and the constant quest for top-class quality have enabled L&T to attain and sustain leadership in its major lines of business over seven decades.
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