L&T has won a critical offshore platform contract from Gujarat State Petroleum Corporation valued at $235 million.
GSPC awarded this project to L&T, over the claims of other bidders, in order to accelerate production of first oil/gas by 2012 from its technically challenging KG Basin, off the East Coast of India.
With one of the severest pressures and highest temperatures in the world, the KG basin project is a major acknowledgment of L&T's capability to meet such challenging needs on a turnkey basis. Besides the use of exotic materials to cater to demanding requirements, L&T will be responsible for several novel aspects in the survey, engineering, procurement, fabrication and installation of the wellhead platform. Upon final commissioning, the facilities will add about 6 million standard cubic meters of hydrocarbon gas per day to India's energy production.
This contract affirms L&T's capabilities as a reliable single source to execute critical projects for oil companies and hydrocarbon development programs worldwide.
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