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L and T wins Rs.781 cr ONGC contract

Posted on Dec 27, 05:16PM | IBNS

Larsen and Toubro has secured an offshore contract valued at ` 781 crores for 3 Wellhead Platforms from the Oil and Natural Gas Corporation (ONGC).

The contract, won against international competitive bidding, encompasses total 'EPCI' - Engineering Procurement Construction and Installation of three wellhead platforms, spread over Heera and South Heera fields of the ONGC.

The project, part of ONGC's strategy to re-develop Heera and South Heera fields to meet India's rising energy demands, is scheduled to be completed by April, 2014.

These un-manned Wellhead platforms will be connected with the nearby Heera Process Complex by subsea cables for remote operation.

L and T has been serving the upstream hydrocarbon sector since the early '90s.

Recently, L and T was awarded another contract from ONGC for B-127 Cluster 3 Wellhead Platforms Project.

L and T provides complete 'EPCI' solutions for the offshore oil and gas industry, combining customized engineering and procurement, fast-track project management and world class fabrication and sea installation capabilities.

Larsen and Toubro is a USD 13.5 billion technology, engineering, construction, manufacturing and financial services conglomerate, with global operations.