L&T Hydrocarbon bags $177m contract from ONGC

October 13, 2017 – L&T Hydrocarbon Engineering Limited (LTHE), a wholly-owned subsidiary of Larsen & Toubro (L&T), has been awarded an offshore contract by Oil & Natural Gas Corporation (ONGC) pertaining to a Daman Development project.

The contract, which L&T Hydrocarbon Engineering won against international competitive bidding, is worth around INR113.5bn ($177m).

Situated in the south western part of Tapti – Daman block in Mumbai Offshore, the project is part of ONGC’s strategy to extract gas from Daman Field. The project site is located at around 160-200km North West direction from Mumbai city and 160km West of Daman.

The scope of the contract includes engineering, procurement, construction, installation and commissioning of the project.

The Indian engineering firm said that the latest contract reiterates the long term association of ONGC with L&T in the development of offshore fields in India.

Larsen & Toubro is engaged in technology, engineering, construction, manufacturing and financial services. The company operates in more than 30 countries globally.

Source:- http://www.worldconstructionnetwork.com/news/lt-hydrocarbon-bags-177m-contract-from-ongc/

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