Larsen & Toubro’s (L&T) wholly owned subsidiary - L&T Hydrocarbon Engineering (LTHE) has bagged an offshore contract for the Neelam Re-Development & B173AC Project from the Oil & Natural Gas Corporation (ONGC) valued at Rs 1,656 crore ($245 million). The contract, won against international competitive bidding, encompasses total ‘EPCIC’ - Engineering, Procurement, Construction, Installation and Commissioning for the project.
The scope includes one new process platform having gas processing and compression facilities, three new well head platforms, 32 km pipeline, clamp-on on three existing platforms and modification work on eight existing platforms in the Neelam Field in western offshore basin in India. The project, part of ONGC’s strategy to enhance the field life and increase recovery of Neelam field, is scheduled to be completed by April 2019.
Larsen & Toubro is a major technology, engineering, construction, manufacturing and financial services conglomerate, with global operations.