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Posted on Jan 30, 04:03PM | IBNS
Mumbai, Jan 30 : Larsen and Toubro (L and T) on Tuesday announced it has signed a contract with Petronas Carigali Myanmar (Hong Kong) Limited in Yangon, Myanmar for executing an offshore engineering, procurement, construction, installation and commissioning project valued at over USD 100 million.
The order enlarges L and T's footprint in the competitive hydrocarbon upstream market in South East Asia, and has already been included in L and T's order inflow disclosure.
The Yetagun North Field is operated by Petronas Carigali Myanmar (Hong Kong) Limited with Petronas Carigali Myanmar Inc, Myanma Oil and Gas Enterprise, PTTEP International Ltd and JX Nippon Oil Exploration (Myanmar) Ltd. as its partners.
The 19-month project includes supplying an offshore wellhead platform and subsea pipeline to be installed in a water depth of 108 meters.
The scope also includes host tie-in works on an existing platform in the Yetagun complex.
L and T's facility in Kattupalli on the East Coast of India will undertake the fabrication work for the project.
Larsen and Toubro (L and T) is a USD 13.5 billion technology, engineering, construction, manufacturing and financial services conglomerate, with global operations.