Larsen & Toubro Awards Engineering Contract to Aker Kvaerner

Larsen & Toubro Limited of India has awarded Aker Kvaerner an engineering contract valued at approximately US $4 million for nine wellhead platforms located offshore India.

"This award marks a breakthrough for the positioning of Aker Kvaerner's jacket technology in projects offshore India and is important for the further internationalization of the our jacket business," executive vice president Simen Lieungh in Aker Kvaerner says.

The wellhead platforms will be placed on water depth 69 - 85 meters. The project includes four legged jackets with weight of 2,000 tons each, and topsides with a weight of 700 tons each. The platforms are expected to boost oil output from Mumbai High South by around 43,000 b/d and increase gas production by 136 MMcf/d.

Five platforms are to be completed by April 15, 2005 and the balance by February 28, 2006.

Aker Kvaerner has a great track record on engineering, procurement and construction (EPC) of jacket projects in the North Sea over the last 10 years, lately through three Buzzard jackets for the UK-sector, awarded October 2003.

The contract is signed by Aker Kvaerner Jacket Technology AS, a company within the Aker Kvaerner Group. Aker Kvaerner will work under an engineering service contract with the subsidiary Kvaerner Powergas in India. The engineering work will mainly be performed out of Mumbai.

The project management, procurement, fabrication & construction will be carried out by the Indian engineering & construction major Larsen & Toubro, who are the main contractor for this EPCI (EPC & Installation) project for the national Indian oil company ONGC.